Robinhood options levels | BTCC Knowledge

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How many levels of options trading are available on Robinhood?

There are three tiers of options trading available on Robinhood. Depending on your prior experience with trading, you will be approved for Level 1, Level 2, or Level 3 options trading. These tiers determine the type of strategies you are allowed to use depending on your perceived experience.

How do options contracts work on Robinhood?

Though options contracts typically represent 100 shares, the price of the option is shown on a per-share basis, which is the industry standard. Depending on your experience and other factors, you might be eligible for different levels of options trading on Robinhood. With Level 2 approval, you’d have access to some basic strategies, such as:

How do I get level 3 in Robinhood?

To get level 3, Robinhood did not make it clear how the eligibility is determined, but here are some things that worked for many. You need to make a few small trades and then it will be enabled for you. Some say, after completing about 5 or 10 options trades, they were allowed to upgrade/enable it.

What is Robinhood and how does it work?

Robinhood allows you to invest in over 5,000 stocks listed in U.S. Exchanges and over 650 ADRs (American Depositary Receipts). All of this is available on the free mobile app. What are Options? Most sources encourage you to have some investing experience before trying out options.