​do this trick to “borrow” $5000 from robinhood and gamble it on highly volatile near expiration stock options

ok so this is a thing that can actually work and is mostly i think a legal gray area. i know it can work because i accidentally did it while bored during 2020 lockdowns and lost $4400 of robinhood’s money. BUT if you time it just right you could potentially turn that 5000 into tens of thousands and keep the profit after they take their 5k back.

it only works once per person/ssn. you only get one shot. and it only works if you’ve never opened a robinhood account before.

what you do is open a new rh account then get robinhood gold for $5. now you have access to instant deposits. this is where if you do a bank transfer, they go ahead and let you trade with the money instead of making you wait 3-5 business days for the transfer to clear. here’s the tricky part: it works even if you don’t have $5000 or even any money at all.

so you do a bank transfer for 5000 and they let you trade with the 5000. it’s important to wait until you’re ready because they will take the money back in 3-5 days when the transfer inevitably fails. so wait until you’re pretty sure there will be a big market movement, buy some 0-2dte out of the money spx options and hope for the best. 10x trades are possible on most days if you have the balls to do it.

(in case you’re wondering what happened to me, nothing. i just uninstalled the app. never went on my credit report, never got a letter or a call or an email, nothing. oh wait, i am banned from instant deposits for life (i still use robinhood to this day). but i reinstalled the app a year later and my balance was zero. totally forgiven. zero consequences.)