don’t try to experiment with real money on that, get profitable first before you really use them :)
OP, the $5.55 break-even is a pre-split price. You have to adjust for the split. It was a 10-for-1 split, correct? So, your real break-even price is $55.50.
At least, I think this is how it works. Read more about how Robinhood handles splits here: https://robinhood.com/us/en/support/articles/how-corporate-actions-affect-your-options/
I don't want to be rude OP, but I recommend you do more research before trading options. And I recommend spreads instead of long calls when you do start options.
How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology (Stock Market Trading and Investing) https://www.amazon.com/dp/1535585951/ref=cm_sw_r_cp_api_glt_fabc_WHYXJ0QCKXHEBHX4RW9B?_encoding=UTF8&psc=1
Yes, without any doubt. The author made his fortune swing trading options and futures.
If you’re trying to really understand the mechanics of options Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits https://www.amazon.com/dp/1118133161/ref=cm_sw_r_awdo_navT_a_0X7ZA9B0E43H41XZG23K
Failing to plan, is planning to fail.
Buy this book, you’ll thank me later. I had his trading rules printed out and framed, sits right over my desk. Every bad trade I’ve ever made, is cause I ignored 1 or more of them.
May I suggest, Options as a Strategic Investment by Lawrence McMillan (https://www.amazon.com/Strategic-Investment-Hardcover-Lawrence-McMillan/dp/B00E7JSPTI/ref=sr_1_4?dchild=1&keywords=options+as+a+strategic+investment+mcmillan&qid=1619437347&s=digital-text&sr=1-4-catcorr)