People Embrace Choices Buying and selling, Turbocharging Inventory Markets

Shares of Robinhood Markets Inc. had principally upset the buying and selling app’s followers since their preliminary public providing. However Harsh Patel felt positive that was about to vary.

Mr. Patel, a 27-year-old nurse in Columbus, Ohio, figured its value would rise after he noticed chatter about Robinhood gentle up a inventory market chatboard. So on Aug. 4, he paid $600 for a name choice—a contract that confers the fitting, although not the duty, to buy 100 shares at a acknowledged value by a sure date.

Source link