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 factors contributed to the surge in Robin Hood shares after its IPO?

How did retail traders' interest in Robin Hood change over time according to the discussion?

What role did options trading play in the activity surrounding Robin Hood's stock?

What trends have been observed in retail trading, particularly in relation to stocks like GameStop and crypto?

Discuss the impact of external factors, such as the Delta variant, on retail trading behavior.