Individuals Embrace Options Trading, Turbocharging Stock Markets

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Shares of Robinhood Markets Inc. had mostly disappointed the trading app’s fans since their initial public offering. But Harsh Patel felt sure that was about to change. Mr. Patel, a 27-year-old nurse in Columbus, Ohio, figured its price would rise after he saw chatter about Robinhood light up a stock market chatboard. So on Aug. 4, he paid $600 for a call option—a contract that confers the right, though not the obligation, to purchase 100 shares at a stated price by a certain date. Source link
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