Hopefully not a stupid question (Robinhood Options)

Hey everyone, I've been trading for a little while using Robinhood and Webull- I finally decided to jump into options and decided to use Robinhood since it's typically a beginners broker.

I researched a bit and bought a put option and made money off it (easy) I then bought some call options on today on Robinhood- 4 contracts @.25 each (total $100) for a strike price of $9 expiring June 19th. Today the stock held at $8.30- but unfortunately I scared myself into thinking that if it did hut $10 a share (for example) wouldn't that make the total cost $10000? (Something that is way over my budget). Can I sell 3 or 4 of my contracts at anytime? I read that it can turn into a naked option and in that case I really don't want to lose my butt.. I appreciate the advice and I apologize if it's a dumb question..

TIA

 

Thank you for your quick response! That helps a bit, do they automatically sell or does it have to be accepted? I was reading if the contract expires and it's in the money Robinhood will automatically exercise it if the account doesn't have the funds they will try to sell it an hour before the market closes- any idea what happens if they can't sell it? I tried finding the answer but no luck.

Thanks again for your helping an option newbie!

 

Thanks, I'm just new to it- I hear of horror stories where somehow individuals end up owing thousands of dollars and it was eating at me. I know that this is the basic type of options but I just want to be able to sell the stock if needed and not end up in a bind. I definitely need to continue to educate myself on this going forward.