Options
When do options expire and settle?
When do options expire and settle?
At the 4:00 PM ET close (1:00 PM on half-days), today or the next session. Two expiries are offered at a time. The payout lands in your wallet within minutes after the close.
What price do options settle at?
What price do options settle at?
The average on-chain token price over the last 5 minutes before the close, checked against the real stock’s price. If no price can be established within 6 hours, the premium is refunded.
Can I sell an option before expiry?
Can I sell an option before expiry?
Yes, at the current bid, until 15 minutes before its expiry. Tap Sell $X in the stock page’s Positions table. See Positions & settlement.
Can I write or sell options to open?
Can I write or sell options to open?
Not yet. The Neutral outlook and selling to open are labelled “Coming soon”.
What's the most I can spend on one options order?
What's the most I can spend on one options order?
$100 of premium per buy. The most you can lose on it is that premium.
Why can't I buy options for this stock on my phone?
Why can't I buy options for this stock on my phone?
Phone buying is available on the nine featured stocks: AAPL, NVDA, TSLA, GOOGL, META, PLTR, COIN, SPCX, and SPY. Other stocks can be bought from a desktop or tablet.
Why does the options price differ from the stock's exchange price?
Why does the options price differ from the stock's exchange price?
Options are priced and settled against the stock’s token on Robinhood Chain, which trades in on-chain pools around the clock. Its price can differ from the exchange quote, and tokens tagged “thin” are priced by shallow pools.
Interval markets
What am I trading on?
What am I trading on?
Whether a stock or crypto price closes a 5-, 15-, or 60-minute window above where it opened. You buy Up or Down contracts, and each winning contract pays $1.00. See How windows work.
What happens if the price finishes exactly where it started?
What happens if the price finishes exactly where it started?
It settles Down. As the ticket puts it: “If the price is unchanged, it settles as Down. Up needs a real move.”
Why was my order rejected with "Price moved to …"?
Why was my order rejected with "Price moved to …"?
The quote changed between what you saw and the fill. updown refuses fills more than about 30% plus 3¢ worse than the price shown. Try again at the new price.
Can I place a limit order?
Can I place a limit order?
Not yet. The Limit form is visible in the ticket, but its button is disabled until limit orders launch.
Can I sell before the window closes?
Can I sell before the window closes?
Yes. Tap Sell on your row in Live Positions, or use Market → Sell in the ticket. The realized difference is settled immediately.
When do stocks trade?
When do stocks trade?
Stock interval markets run 24/5, from Sunday 8:00 PM to Friday 8:00 PM ET. Eight stocks also stay open over the weekend on a 24/7 perpetual price; PLTR and SPY close. Crypto trades 24/7. See market hours.
What is Multi-buy?
What is Multi-buy?
A way to place up to 20 interval buys in one order. Each pick is its own independent buy, not a parlay. See Multi-buy.
Fees, balances, and settlement
What does a trade cost?
What does a trade cost?
Options carry no fee. Interval trades carry a small taker fee on every buy and sell, built into the price you see, with no separate line.
When do I get paid?
When do I get paid?
Automatically. Interval windows are settled by a job that runs every minute. Options are settled after the close by a job that runs every 5 minutes. Your activity shows Won or Lost and your cash updates. There is nothing to claim.
What is the difference between Cash, Available cash, and Portfolio?
What is the difference between Cash, Available cash, and Portfolio?
Cash is the USDG in your wallet. Available cash is Cash minus what your open interval windows reserve. Portfolio adds the live value of your open positions. See Portfolio.
Why does my interval position show a different value on the market page and on Portfolio?
Why does my interval position show a different value on the market page and on Portfolio?
The market page marks at the current bid. Portfolio marks at the midpoint. The two converge when you sell or the window settles.
Do options count for the Tournament?
Do options count for the Tournament?
Yes. The Tournament ranks your realized P&L across both options and interval markets. See Tournament.
Deposits and withdrawals
Which networks can I deposit from?
Which networks can I deposit from?
USDG on Robinhood Chain (minimum 2), which is routed into your balance automatically. Other chains are listed as “Soon”. See Deposit & withdraw.
Can I pay by card?
Can I pay by card?
Yes. Choose Card or bank in the deposit dialog to pay with a debit or credit card, Apple Pay, or a US bank account. Card purchases usually land within a few minutes; bank transfers can take a few days.
I sent the wrong token or network.
I sent the wrong token or network.
Only USDG on Robinhood Chain and USDC on Polygon are supported. Other tokens or networks may result in permanent loss, and there is no in-app recovery. Contact support with the transaction hash.
How do I withdraw, and is there a fee?
How do I withdraw, and is there a fee?
Click Withdraw on your Portfolio page, paste a Robinhood Chain address, and enter at least $2. You receive USDG, gas is sponsored, and it usually arrives instantly. Cash reserved by open interval windows can’t be withdrawn until they settle.
Do I need a crypto wallet to sign up?
Do I need a crypto wallet to sign up?
No. Sign in with your email or Google account and an embedded wallet is created for you. You never install a browser extension or manage a seed phrase.
Account, profile, and eligibility
Who can see my profile?
Who can see my profile?
Anyone, at
/u/your-username. Hide Wallet, Positions, or Activity in Edit profile → Visibility. Your email, wallet addresses, withdrawals, and options positions are never shown. See Profiles & social.What is a take?
What is a take?
A note of up to 280 characters, or a GIF, you can post with any trade. It appears on the feed and on your profile. Long-shot trades get a ”🔥 Hot take” badge.
Is updown available in my country?
Is updown available in my country?
Trading is not available in every region. If you are in a restricted region, a globe icon appears in the top bar with the tooltip “Trading is unavailable in your region”. If you are unsure about your eligibility, contact support.
My account says "Account flagged". What now?
My account says "Account flagged". What now?
Trading, deposits, and rewards are restricted, but “Your balance is not affected — you can still withdraw at any time.” If you believe it is a mistake, contact support. See Support.
How do I contact support?
How do I contact support?
Click Contact us in the bottom bar (or ☰ → More on a phone) to send a message from the app, or use email, X, or Discord. See Support.