: 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%.
: Navigate to Settings > Investing > Options Trading to apply. can you buy options on robinhood
Unlocks multi-leg strategies like , iron condors , and butterflies . : Most users must pass a 10-question multiple-choice
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 ,
Requires a higher level of experience and typically a Robinhood Gold or Instant account; basic cash accounts do not support Level 3. 3. Costs and Fees One of Robinhood's biggest draws is its low-cost model. Placing an options trade | Robinhood
: For Level 2 approval, you typically need to maintain a minimum account equity of $2,000 . 2. Understanding Robinhood’s Options Levels