Stock Options Trading | Robinhood
Options trading on Robinhood
Plus advanced charts, no contract fees, and some of the lowest margin rates in the industry.
Options are risky and aren't suitable for all investors. To learn more, read the Options Disclosure Document.

Advanced Charts

Fine-tune your trading strategy

Track and modify technical indicators—like moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), and more.

Strategy Builder

Plan, build, and execute strategies

Choose and customize your strategy, then place an order. Depending on your trading level, you can build vertical spreads, calendar spreads, strangles, straddles, and more.
Certain complex options strategies carry additional risk. Not a recommendation of a strategy.

Watchlist

Discover options without trading

Save and monitor options contracts to see their hypothetical returns.

Robinhood Retirement

Trade options in a tax-advantaged account

Hedge with long puts, generate income with covered calls, and more—all in the only IRA with a 1% match* every year.

Cash Accounts

Trade with greater flexibility

Trade stocks, ETFs, and now options without worrying about pattern day trade restrictions. Options and cash accounts—together at last.
No contract fees. No commissions.

Be bearish on fees and keep those savings for your investments. Other fees may apply.

Commission Fees
Per Contract Fees
Exchange & Regulatory Fees
Options Regulatory Fee per contractOCC Clearing Fee per contract
Robinhood$0$0$0.01$0.02
Max $55 per trade
Fidelity$0$0.65$0.02-$0.04$0
TD Ameritrade$0$0.65$0.009946$0

For the list of competitors, we used the top 2 options-enabled broker dealers where our customers have transferred their account to (ACAT out). We then listed out commission, per contract fees, and other regulatory and/or exchange fees specific to the options exchanges. Fees apply as of September 21, 2023

With Robinhood, you get more.

Level up with

Robinhood Gold

Your money makes money with 5% APY on uninvested cash, FDIC-insured up to $2.25 million at partner banks. Your first 30 days are free, then a subscription fee applies.
See what Robinhood Gold offers

24/7 support

Chat or request a call back in the app. We’re here for you and your investments, day or night.
24/7 support

Options rolling

Seamlessly and simultaneously adjust or extend your positions.*
Options rolling
For illustrative purposes only. Not a recommendation of a strategy.

*Rolling options involves closing an existing position, thereby realizing any gains or losses, and opening a new position. Rolling doesn't ensure a profit or guarantee against a loss, and may also end up compounding any losses.

Level up your options strategies
Level up your options strategies
Powerful. Smooth. Trades.
Get started
PARTICIPATION IS POWER™

All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.
Follow us on

All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.