WSB traders uses Robinhood Margin exploit to buy a $1,000,000+ position from $4K in actual funds

https://www.reddit.com/r/wallstreetbets/comments/drqaro/robinhood_free_money_cheat_works_pretty_well_1/

The boys are back at it

so it turns out when selling covered calls and if you buy the shares the stock isn’t subtracted from the buying power. The cash balance from the covered call gets added to your cash – increasing your buying power by the premium you took in.

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***Also, DONT DO THIS****

1 mil+ on 4k account

AC