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From the robinhood blog post: Changes due to ongoing market volatility
Opening new positions in the securities listed in the table below is currently allowed, but limited. For more context about the decision to limit these securities, read our blog post.
Are there limits to increasing my existing positions? Yes. The table below shows the maximum number of shares and options contracts to which you can increase your positions. Please note that these are aggregate limits for each security and not per-order limits, and include shares and options contracts that you already hold. These limits may be subject to change throughout the day.
Symbol Shares Options contracts AAL 1 10 ACB 1 Standard limits apply AG 1 Standard limits apply AMC 1 10 AMD 1 Standard limits apply BB 1 10 BBBY 1 10 BYDDY 1 N/A BYND 1 Standard limits apply CCIV 1 Standard limits apply CLOV 1 Standard limits apply CRIS 1 Standard limits apply CTRM 5 N/A EXPR 5 10 EZGO 5 N/A GM 1 Standard limits apply GME 1 5 GTE 5 Standard limits apply HIMS 1 Standard limits apply INO 1 Standard limits apply IPOE 1 Standard limits apply IPOF 1 Standard limits apply JAGX 5 Standard limits apply KOSS 1 N/A LLIT 5 N/A MRNA 1 Standard limits apply MUX 5 Standard limits apply NAKD 5 N/A NCTY 1 Standard limits apply NOK 5 10 NVAX 1 Standard limits apply OPEN 1 Standard limits apply RKT 1 Standard limits apply RLX 1 Standard limits apply RYCEY 5 Standard limits apply SBUX 1 Standard limits apply SHLS 1 N/A SIEB 1 Standard limits apply SLV 1 Standard limits apply SNDL 5 10 SOXL 1 Standard limits apply SRNE 1 Standard limits apply STPK 1 Standard limits apply TGC 5 N/A TIRX 1 N/A TR 1 10 TRVG 5 10 TRXC 5 Standard limits apply WKHS 1 Standard limits apply XM 1 Standard limits apply ZOM 5 N/A
What if my existing positions already exceed the limits? Outside of our standard margin-related sellouts or options assignment procedures, your positions will not be sold for the sole reason that you are currently over the limit. However, you will not be able to open more positions of each of these securities unless you sell enough of your holdings such that you are below the respective limit.
Can I buy fractional shares of these securities? No. Fractional shares are currently position closing only for all of the securities listed in the table above. This means you can sell and close your fractional positions, but you can't open new fractional positions. However, you can still open new whole share positions according to the limits listed above.
What about options contracts expiring on January 29? All options contracts for the securities in the table that expire on January 29 will remain position closing only. Limits may be imposed when exercising options contracts. To learn more about options expiration, check out Expiration, Exercise, and Assignment.
Are recurring investments affected? Any recurring investments in securities listed in the table will be paused until these limitations are lifted.
All investments involve risk and loss of principal is possible. Investors should consider their investment objectives and risks carefully before investing. This is not investment advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security.
Reference No. 1503315 Still have questions? Contact Robinhood Support Can’t find what you’re looking for? Contact Robinhood Support The 3-minute newsletter with fresh takes on the financial news you need to start your day. [email protected]
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