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In today’s video I want to talk about a question I see all the time: why can’t I buy multiple options on Robinhood. I will discuss why this happens, and more importantly, what to do to be able to select more than one option on Robinhood. Trading options on Robinhood can be risky, so make sure you understand how buying options and selling options works.

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Investing in the stock market has never been easier, thanks to Robinhood, a commission-free trading app that allows users to buy and sell stocks, options, and cryptocurrencies from their mobile devices. Robinhood has become a popular platform for novice investors because it’s user-friendly and affordable. However, there is a lot to learn about trading options on Robinhood, especially when it comes to selecting multiple options for one trade. In this article, we will explain how to select multiple options on Robinhood.

Firstly, to trade options on Robinhood, you need to be approved for options trading. Once your application is approved, you can start trading options. You can find the option chain for any stock by going to the stock’s detail page and tapping “Trade Options”. This will bring you to the order form where you can select the options you want to trade.

To select multiple options in Robinhood, you can use the multi-leg option strategy feature. The multi-leg option strategy feature allows you to buy or sell up to four different options contracts at the same time. With this feature, you can build complex options strategies like a straddle or a strangle.

To use the multi-leg options strategy on Robinhood, follow these steps:

Step 1: Tap “Trade Options” on the stock’s detail page.

Step 2: Select “Multi-leg” at the top of the order form.

Step 3: Select the option strategy you want to use from the list of pre-built strategies or build your own.

Step 4: Choose the expiration date, strike price, and number of contracts for each option in your strategy.

Step 5: Review your order and tap “Preview” to view a summary of your trade before submitting it.

Step 6: Tap “Submit” to place your order.

It’s also important to note that when trading multiple options, you need to consider the costs associated with each option, such as the premium, commission, and fees. You can preview the total cost of your trade before submitting your order.

In conclusion, trading options on Robinhood can be a bit overwhelming, especially when it comes to selecting multiple options for one trade. But with the multi-leg option strategy feature, you can build complex options strategies with ease. As with any investment, do your research and consult with an experienced financial advisor before making any trades. Happy investing!