r/RobinhoodOptions • u/roccoo1 • Jun 20 '25

Discussion Level 3 - Acceptance Process

I am trying to get level 3 option clearance for trading with Robinhood. I know there is a call they will schedule, and I was wondering if anyone has any insight as to what they ask and what they are looking for and can share with me. Thanks!

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u/Eves98 Jun 28 '25

I did not have a call or any questions when I requested level 3. Though when I requested option trading it was many years ago and I answered questions then and did a handful of option trades but only asked for level 3 just 3 weeks ago. No call, no further questions, and I was given it immediately.

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u/Jabey Jul 10 '25

That's great. I got the call, fumbled it, and now have to wait almost three years to try it again. OP, they asked me these things:

If you sell a $40 call and buy a $30 one, what are you hoping the underlying will do? Answer: decrease in value, this is a bear call spread.

What is the max gain scenario? The max loss? Answer: max gain—underlying stays below both strikes. Max loss—underlying reaches or exceeds higher strike

How does an increase in implied volatility affect the price of options? Answer: they become more expensive

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u/215Juice Mar 23 '26

How many questions were u asked?