Introducing Options Trading

Robinhood offers a commission-free and intuitive options trading experience to all investors - not just the wealthy

Three years ago, we launched commission-free equity trading, paving the way for millions of Americans to participate in the financial system. Since then, we’ve committed ourselves to expanding our platform, and making more financial services available to everyone by driving down costs. Today, we are excited to announce the launch of commission-free options trading, a tool many of you have requested on Robinhood. 

Options trading on Robinhood is designed to be a cost-effective and seamless experience, and is available starting today with a full release expected in 2018. Get early access here

Highlights include:

  • No Commission Fees

    • No commission and no per contract fee upon buying or selling options, as well as no exercise or assignment fees. Currently, options traders pay up to $6.95 + $0.75/contract and up to $19.99 upon exercising and assignment. As with equities, the execution of options is purely electronic, making commission fees a thing of the past. 

  • Advanced Options Strategies

    • Level 2 self-directed options strategies (buying calls and puts, selling covered calls and puts) as well as Level 3 self-directed options strategies such as fixed-risk spreads (credit spreads, iron condors), and other advanced trading strategies are available.

  • Pricing Filter

    • Robinhood’s proprietary Pricing Filter streamlines the options tables, removing potentially misleading or superfluous information and hides options with little volume or liquidity where you may receive an unfair fill.

  • Redesigned Experience

    • We redesigned the options trading experience by replacing traditional, complicated options tables with a more intuitive design, highlighting the most important information.

  • Free, Real-Time Market Data

    • As for Robinhood equity investors, market data for options investors streams in real-time and is free of charge. 

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Get Early Access

More information about options trading can be found at the Help Center and in the options risk disclosure document.

Last month, we released Robinhood for Web, complete with powerful research and discovery tools to help you make better-informed decisions, as well as a portfolio transfer service so you can move your outside portfolios to Robinhood. 

Stay tuned for more updates!

The Robinhood Team

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Robinhood Named a 'Best Place to Work'

Robinhood is recognized on Glassdoor's list of Best Places to Work in 2018

At Robinhood, we’re on a mission to democratize America’s financial system for everyone - not just the wealthy. One way we accomplish this goal is by creating an environment where Robinhoodies are encouraged to come to work as they are and grow in their careers. That’s why we’re honored to be among the winners of the annual Glassdoor Employees’ Choice Awards, a list of the Best Places to Work in 2018.

To determine the winners of the awards, Glassdoor evaluates company reviews shared exclusively and anonymously by employees over the past year. Thanks to our employees, we have achieved an overall company rating of 4.8 out of 5 and ranked #26 on this year’s list.

As we are growing quickly but thoughtfully, we remain focused on our employees and this award is a humbling recognition of our efforts.

If you’re interested in joining Robinhood, check out our open positions – we’d love to hear from you!

The Robinhood Team

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Robinhood, Now on Web

Introducing a powerful, new platform with research and discovery tools

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Over the course of nearly two years, we called, video-chatted, and met with all types of people, all around the country, with varying investment strategies, financial goals, and account balances, to determine what real people actually want in an online investment platform. And in many cases, we met with people who have never even invested before. Simply put: we listened, and now we’re delivering.

Today, we are unveiling Robinhood for Web, a brand-new web platform with expansive research and discovery tools aimed to make you a better-informed investor.

We’re inviting people to Robinhood for Web starting today, with everyone getting access around early next year.

Here are some highlights:

  • Collections

    • Discover new stocks through Collections, organized by sectors such as “Gas and Oil,” “Entertainment,” and “Social Networks,” as well as curated categories such as “2017 IPOs” and “Female CEOs.” All Collections are interactive and easily sortable by various factors to allow for side-by-side comparisons.
  • Price Paid

    • For each stock, view the average share price Robinhood investors bought at, as well as the current share price. This aggregated data serves as a reference point for investors thinking about entering a position.

  • People Also Bought

    • Scroll through a list of stocks Robinhood investors also bought in addition to individual stocks. This feature helps surface competitors, suppliers, and more.

  • Analyst Ratings

    • View buy, sell, and hold ratings from Wall Street analysts and read commentary from Morningstar analysts.

  • Earnings

    • Review earnings information such as EPS hits or misses going back eight quarters, upcoming and expected EPS, as well as listen to live earnings calls.  

  • News and Fundamentals

    • Read the latest headlines and market coverage in a personalized newsfeed, and glance at company fundamentals such as Market Cap, Price-Earnings Ratio, Volume, and more.

These features will make their way over to iOS and Android early next year, too.

Thanks to your support, Robinhood’s the fastest-growing brokerage ever. We just crossed three million users and over $100 billion in transaction volume. Together, we’ve saved over $1 billion in trading fees -- that’s money back in the hands of everyday Americans.

We look forward to hearing how people use Robinhood for Web - stay tuned for more exciting updates over the next few months!

Two Million Thanks

Robinhood reaches two million users and secures Series C financing

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At Robinhood, we’re dedicated to providing everyone with access to America’s financial system. To help further this mission, we recently raised $110 million in Series C financing led by DST Global, valuing the company at $1.3 billion. Existing investors NEA, Index Ventures, and Ribbit Capital, as well as new investors Thrive Capital and Greenoaks Capital also participated in the round, bringing our total funding to date to $176 million.

Since our public launch in 2015, Robinhood quickly became the fastest growing brokerage ever.  Our two million users have transacted over $50 billion and saved nearly half a billion dollars in commission fees. Robinhood Gold, our margin and extended hours service, is also experiencing significant growth, with signups surging 17% month over month. 

We’ll use this capital to accelerate the expansion of our products and services. We’re working on a few exciting releases, so stay tuned for updates!

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Buy Gun Stocks? Vote for Trump.

How Robinhood trading data can predict elections

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In 2016, everyone from political experts to a psychic monkey attempted to predict whether the White House would go red or blue. As results were counted, many realized just how wrong most of those predictions and polls were, which got our wheels turning. Could trading patterns predict the winning candidate based on which symbols were traded prior to the election? Our data team set out to find the answer.

Fortunately, there are one million Robinhood investors spread around the country - with users in all 50 states - and as it turns out, Robinhood investors from 70% of all U.S. counties placed trades in the week prior to the election. This massive dataset provided us with an answer. We determined that pre-election trading patterns in a given county could accurately predict whether they went blue or red 86.3% of the time. (See map above). 

Not to brag, but that’s a better success rate than Nate Silver. 

By looking at the top 12 stocks bought in red and blue counties, we started to see some interesting patterns: 

Portfolios are partisan
Looking closer at which stocks were bought and sold, it’s clear Americans invest based on their own political views. For example, Republican counties were far more likely to purchase Smith and Wesson stock than Democratic counties, a nod to traditional party-line positions around gun control. 

Investors listened to their candidate 
Throughout his campaign, Donald Trump promised to bring manufacturing jobs back to the U.S, potentially uplifting Detroit’s automobile industry and hurting technology companies such as Apple, which primarily manufactures its products overseas. Hopeful Trump supporters invested in Ford while Clinton supporters were far more likely to invest in Apple. Clinton’s supporters also invested in green energy stocks such as Tesla and First Solar. 

Republicans were pessimistic, Democrats were optimistic
In investigating the data, we saw evidence of how voters really felt about how the economy and stock market would play out under their preferred candidates’ policies. Democrats were betting on the market, buying Standard & Poor (SPY) believing its prices would rise in the future. In contrast, Trump voters anticipated a decrease in prices, shorting the market with Daily Gold Miners Bear as the second-most traded stock. 

The below map references the actual election results from 2016 as compared to the prediction from Robinhood user behavior. Head over to our Engineering Blog for insight into our methodology. Check the chart at the bottom to see the top stocks in red and blue counties in the week leading up to the election.

Disclosure: Data was anonymized and aggregated at the county level.

Earnings on Robinhood

Robinhood adds advanced earnings information

Today, we released a new experience around earnings reports, giving you the information you need when earnings season strikes. 

View a list of upcoming earnings reports, glance at previous EPS hits or misses, check out expected EPS, and get timely alerts. You can even listen to earnings calls live or catch the call at a later time.

The update is available to a majority of Robinhood investors today and will be available to everyone in a few weeks.

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