Unlocks multi-leg strategies like , iron condors , and butterflies .
: Most users must pass a 10-question multiple-choice quiz covering options fundamentals and risks. In early 2025, Robinhood introduced AI-driven assistance that helped improve pass rates by 20%. can you buy options on robinhood
Robinhood uses a tiered system to limit risk for both the platform and the trader. : Allows for buying calls and puts. Allows for writing covered calls and cash-secured puts. Level 3 (Advanced) : Unlocks multi-leg strategies like , iron condors ,
: Navigate to Settings > Investing > Options Trading to apply. Unlocks multi-leg strategies like
: You will answer questions about your investment objectives, income, and previous trading experience.