RH's entire schtick is to be the amateur's investment broker. Their barrier to entry for margin and options is practically 0. When the only thing you need to do in order to get access to level 3 options is check a couple boxes, you're practically encouraging this type of activity. RH is breaking a ton of rules atm and there is a reason why most brokers are high touch for margin/options and unfortunately the Kearns' family is first hand evidence of this.

Most other brokers WILL NOT allow this. When I applied for options Schwab had a broker call me and make sure I knew about all the risks involved for the level I applied for.

RH was also down a couple times in March, which lost me a good amount of money. A week is a VERY long time if you're playing short-term options. There's also other issues where they were holding customer shares in margin when they had cash to cover, and when they've allowed customers to leverage 5k -> 1M of positions (a huge nono).

The conclusion here is that RH is a toy broker following the mantra of move fast and breaks things. Good if you're casually investing, but for options and serious investing with real amounts of cash it's worth getting a broker that is serious at providing reliable service.