Robinhood Sees 100% Surge in Meme Stock Swing After IPO Flop

Robinhood, initially a broker for meme stocks, has become a meme stock itself, with shares surging 82% after its IPO. This rise is driven by retail traders, influenced by figures like Kathy Wood and Jim Cramer. Significant options trading, particularly $70 call options, has contributed to this surge. Despite expectations of reduced retail activity due to reopening, retail traders remain active, shifting interests to crypto and other stocks, with the Delta variant influencing market dynamics.

What was a key factor in Robinhood's rise as a meme stock?

• Influence of retail traders

• Lack of media coverage

• Initial IPO success

• Government intervention

Who were some of the influential figures that contributed to the renewed interest in Robinhood?

• Elon Musk and Jeff Bezos

• Cathie Wood and Jim Cramer

• Warren Buffett and Bill Gates

• Mark Zuckerberg and Sundar Pichai

What was notable about the options trading activity for Robinhood?

• There was no significant options activity

• It was the highest ever recorded for an IPO

• It was the second biggest after Facebook

• It only involved put options

How has the Delta variant influenced retail trading trends?

• It has completely halted retail trading

• It has had no impact on the market

• It has caused fluctuations in retail interest

• It has led to a surge in IPOs

What shift in investment focus have retail traders shown recently?

• From cryptocurrencies to bonds

• From stocks to cryptocurrencies

• From meme stocks to traditional stocks

• From stocks to real estate