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HOOD May 2024 13.500 call
| Previous close | 4.7900 |
| Open | 4.6700 |
| Bid | 5.6000 |
| Ask | 7.6500 |
| Strike | 13.50 |
| Expiry date | 2024-05-17 |
| Day's range | 4.6700 - 5.1400 |
| Contract range | N/A |
| Volume | |
| Open interest | 32 |
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Trading app Robinhood Markets is lowering the rate of interest it charges on its margin loans, it said on Tuesday, to encourage more customers to avail this facility that allows them to borrow against securities they hold. The company has rolled out a series of features recently as it looks to grow into a full-fledged broker and meet the demands of retail investors for sophisticated products. The renewed structure could increase its popularity among such investors, who have often used Robinhood for their social media-fueled campaigns against Wall Street.
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Several stocks across different industry groups including health care, software and retail are clearing buy points with their relative strength at new highs.
