What additional features come with Options?
- Free options trading
- Free exercise and assignment
- Real-time options market data
How do I get access to options trading?
We’re excited you’re interested in trading options on Robinhood! We’re releasing Options starting now; and all users will have access in early 2018. If you don’t have it now, look out for a notification to get started soon!
When we’ve released Options to you, we’ll send you an email and a card in your app. Both of these will take you through the process of applying for Options!
Does it cost money to sign up?
Trading options on Robinhood is free! It won’t cost you anything to get Options, nor is there a monthly fee. You also don’t need to have a Gold subscription!
How do I get started?
Once you receive the email and in-app card, you’ll be directed through the onboarding process where you’ll answer questions about your trading history. From there, we’ll review your application. You don’t need options trading experience-you have to start somewhere! We’ll have you accept the Options Agreement, and if you’re a good fit you’ll have access to free options trading. Navigate to a stock’s Stock Detail page in the app, and you’ll be ready to start trading.
Why does it prompt me to “update” my investment profile?
We’re legally required to make sure your investment profile is up to date before you get access to options trading. You won’t need to change your investment profile in order to trade options, just confirm it’s up to date.
Why does it say I don’t have enough investment experience?
You need to have some stock trading experience, either on Robinhood or at another brokerage, before you can trade options. Please try again after you’ve made some trades, and update your investment profile to make sure it’s accurate and up to date.
Why does it say I don’t have the right risk tolerance?
Because trading options typically involves more risk than trading stocks, it requires a higher risk tolerance. If you believe that you are prepared to accept this riskier trading strategy, update your investment profile and begin the Options onboarding process again.
My application is under review. What does that mean?
Don’t worry! We’re just double-checking your application; and we should be done within 24 hours. We’ll email you and send you a push notification when you’re ready to go!
Please Note: Options transactions may involve a high degree of risk. To learn more about the risks associated with options trading, please review the options disclosure disclosure document entitled the Characteristics and Risks of Standardized Options available through Robinhood Financial LLC or The Options Clearing Corporation.