Robinhood Announces Futures Trading, Index Options Trading

Erica Kollmann

October 16, 2024

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vlad Tenev delivered the keynote speech about exclusive product announcements to kick off the company's HOOD Summit 2024 in Miami, Florida.

The Details: Tenev announced the launch of futures trading and index options trading in a major expansion of the platform's offerings. The Robinhood CEO said index options will be available for trading in the coming months with extended-hours trading available next year.

Tenev did not give a timeframe for the rollout of futures trading in his speech.

Read Next: Amazon Analyst Expects Q3 Earnings With Revenue Growth, Margin Expansion, Relative Stable E-Commerce Demand

Tenev also recapped Robinhood's platform improvements over the past year including the addition of joint investment accounts, simulated options returns and reduced margin rates to the lowest among leading trading platforms. The CEO highlighted Robinhood's achievement of becoming the first retail brokerage to offer 24-hour trading of single-name stocks in the U.S. with more than 1,000 symbols available for 24-hour trading.

Robinhood's HOOD Summit 2024 features speakers, panel discussions and demonstrations on trading technology, investing and culture and continues through Oct. 18 in Miami, Florida.

HOOD Price Action: According to Benzinga Pro, Robinhood shares ended Wednesday's session 0.49% higher at $26.93. After-hours trading sees stock up 3.04% at $27.75.

Read Also:

Pepsi Fights Back Against Shrinkflation: Why Your Chip Bags Will Be Fuller In The Future

Photo: Shutterstock

Recommended

Single Stock Blueprint Available Now - Ad

Costco Gold Mania - Ad

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight weeks.

Fox's Bret Baier acknowledges 'mistake' in Harris interview over airing of Trump clip

Fox News anchor Bret Baier says he “made a mistake” during his interview with Kamala Harris in not airing video of a Donald Trump comment, something Harris pointed out to him in real time.

Hundreds of Hedge Funds Are Fleeing This Stock

Hundreds of Hedge Funds Are Fleeing This Stock - Ad

A strange force has seized control of Wall Street. Hedge funds are already moving their money... and preparing for even stranger days ahead. Over 320 hedge funds have quietly sold THIS famous stock -- to prepare for a dramatic market shift Get the strange truth from a 50-year Wall Street insider... including the name and ticker of the stock hedge funds are selling hand-over-first.

Trump Unleashes Scathing Attack On Former Friend Mark Cuban After Billionaire Criticizes Ex-President's Tariff Plans: 'Weak And Pathetic Bully'

Former President Donald Trump launched a scathing attack on fellow billionaire Mark Cuban on Saturday, accusing him of being a "loser" and a "weak and pathetic bully."

Tesla Has A New Chinese Electric Vehicle Competitor: How A Company That Used To Sell Cheap TVs Is Entering EV Race

The maker of affordable televisions, an Chinese electronics company showed off a new EV model at the Paris Motor Show.

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Elon Musk's Pro-Trump Super PAC To Give $1M Every Day To People In Swing States For Signing His Petition

Billionaire Elon Musk on Saturday reportedly gave away $1 million to a man named John Dreher who attended his event in Pennsylvania aimed at rallying support for former President Donald Trump.

Cuba gets some electricity back after major power outage left millions in the dark

HAVANA (AP) — Cuba's government on Saturday said that some electricity was restored on the island after one of the country's major power plants failed and left millions without electricity in an outage that started two days earlier.

Gold at $2,600... But This Stock Gives You More for Under $20

Gold at $2,600... But This Stock Gives You More for Under $20 - Ad

Gold just soared over $2,600 an ounce. But what if I told you there's a way to get exposure to MORE than an ounce of gold... for less than $20? I've found a little-known gold play that gives you a way to claim a stake in over an ounce of gold for a fraction of the price. But I don't expect this to last long.

Trump Slamming Harris With Increasingly Sharp And Personal Attacks

Former President Donald Trump has reportedly launched a series of personal attacks against Vice President Kamala Harris.

Kamala Harris Blames Amber Thurman's Death On Georgia Abortion Law, Slams Trump For 'Cruel' Remarks

Vice President Kamala Harris on Saturday blamed Amber Thurman's death in Aug. 2022 on Georgia's abortion laws and accused former President Donald Trump of belittling her family's sorrow.

2024 -- The Real Election Year Surprise

2024 -- The Real Election Year Surprise - Ad

In 2016, the October Election Surprise was Hillary Clinton's email scandal... In 2020, the October Election Surprise was the suppression of all the dirty material on Hunter Biden's "forgotten" laptop... Now, in 2024, we're forecasting an October Election Surprise that almost no one sees coming -- and this time it'll be way more devastating than anything you've seen before.

Permits put on hold for planned pipeline to fuel a new Tennessee natural gas power plant

NASHVILLE, Tenn. (AP) — A federal appeals panel has temporarily halted two permits needed to begin construction on a pipeline project in Tennessee that will supply a natural gas plant.

Tim Cook Called To Complain About Billions In EU Fines Imposed On Apple, Says Trump: 'I'm Not Going To Let Them Take Advantage Of Our Companies'

Republican presidential candidate Donald Trump revealed that he spoke with Apple CEO Tim Cook, who expressed frustration over the EU's recent $17 billion in fines against the company, with Trump pledging to protect U.S. businesses from such penalties if re-elected.

America Can't Afford a Harris Presidency

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

Sibanye-Stillwater Loses $1.2 Billion Lawsuit, But Management Avoids Misconduct Charges, Touts No Compensation Claims

UK court rules Sibanye-Stillwater must compensate Appian Capital for terminating a $1.2B deal for Brazilian mines. Damages to be determined in November 2025.

Former NATO Chief Predicts 'Shutdown Of Oil' Amid Israel-Iran Conflict

Former NATO Chief Admiral James Stavridis says the growing conflict between Israel and Iran may lead to a disruption in the oil supply from the Middle East.

Wall Street Slashes NVDA Holdings

Wall Street Slashes NVDA Holdings - Ad

The most successful hedge fund in history quietly sold 500,000 shares. Here's what that means for your money. Billionaire Wall Street investors are quietly offloading millions of shares. What do they know that you don't? It's arguably the most popular stock in the world. Now, one 50-year Wall Street legend says its day in the sun could finally be coming to an end. Last year, he warned of two stocks that went on to crash 60%.

Market Clubhouse Morning Memo - October 18th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Pierre Ferragu Notes The Disconnect Between Media And Crypto-Based Polymarket On Trump-Harris Election Outcome: 'I Love The Dissonance'

Pierre Ferragu, an analyst at New Street Research, recently expressed his views on the disconnect between prediction markets and the press regarding the 2024 U.S. presidential elections

Market Wizard Predicts "Three Years of Famine"

Market Wizard Predicts "Three Years of Famine" - Ad

Hedge fund vet Larry Benedict shares his urgent forecast and reveals the one ticker to protect your portfolio.

Lyft's Latest Move: Cash App Partnership Offers Easier Payments For Gen Z And Millennials

Lyft partners with Cash App to offer a seamless payment option for digital-first consumers.

Elon Musk To End Year As Richest Man In The World? Prediction Market Says Yes, Higher Chance Than Larry Ellison Or Jensen Huang

Kalshi offers a prediction market on who will end 2024 as the richest man in the world. Here are the odds for Elon Musk and others.

Man Who Picked 27 "Ten-Baggers" Now Makes Shocking New Prediction...

Man Who Picked 27 "Ten-Baggers" Now Makes Shocking New Prediction... - Ad

Across his storied career, Matt McCall has picked 27 stocks that have skyrocketed over 1,000%. Now, his next pick could blow every one of those out of the water. Because Matt's next prediction is all about the convergence of the two biggest tech trends we've ever seen. As these tech trends collide, $24 trillion hangs in the balance.

SpaceX Wins Major US Space Force Contract Worth $734M For National Security Missions

Elon Musk's SpaceX has secured a significant $733.6 million contract from the U.S. Space Force to execute at least nine national security launches.

Social Security's scheduled cost of living increase 'won't make a dent' for some retirees

WASHINGTON (AP) — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she'll receive in January “won't make a dent” in helping her meet her day-to-day expenses.

These Stocks Could Surge Despite the Current Downturn

These Stocks Could Surge Despite the Current Downturn - Ad

The market may be down... But when Apple makes this announcement as soon as September 10... These three stocks could start to take off.

Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Cloudflare Opens New Lisbon HQ, Supporting 350+ Employees

Cloudflare expands in EMEA with new HQ in Lisbon, Portugal and plans for further growth. Key executives and local officials attend the opening event.

Shocking Footage from Bill Gates' $100 Billion AI Project

Shocking Footage from Bill Gates' $100 Billion AI Project - Ad

Jeff Brown flew to Wisconsin to witness Bill Gates' $100 billion AI project firsthand. What he uncovered will blow your mind!

Trump Backs Out Of Planned '60 Minutes' Interview, Ex-President's Campaign Says CBS Asked For Unprecedented Live Fact Checking

Former President Donald Trump has reportedly withdrawn from a scheduled appearance on CBS "60 Minutes."

Tesla, Uber, AMD, Aehr, And TD Bank: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq 100 all mirrored the decline falling 0.2%, 0.1%, and 0.05% respectively.

"Kings of Billion-Dollar Mines" Have Found a New Target...

"Kings of Billion-Dollar Mines" Have Found a New Target... - Ad

Some of the smartest investors in the resource industry - the "Kings of Billion-Dollar Mines" - have identified their next big opportunity. Led by two brothers with deep roots in mining, they've found themselves in one of the richest gold regions in America. This team has a track record of success and they believe this company is next in line for massive growth.

Vance Vs. Walz: Flash Poll Picks This Candidate As Tuesday's Debate Winner, But He Falls Short In Favorability Rating

The vice presidential debate was far from being confrontational and the two sides avoided personal attacks and deliberated mainly on policies.

For migrant women who land in Colorado looking for jobs, a common answer emerges: No

AURORA, Colo. (AP) — East Colfax Avenue was the best place to find a job. That's what everyone told Sofia Roca.

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

American despair: In Arizona, high home prices and limited prospects shape voters' presidential pick

MESA, Ariz. (AP) — Karl Peterson has been living the cruel inverse of the American dream. His rent keeps getting higher, but his apartments keep getting smaller.

$26M Bet On Trump's Election Victory Fuels Speculation Of Coordinated Activity On Polymarket (UPDATED)

Single entity behind $26 million Trump bet on Polymarket, coordinated activity with similar deposit patterns, raises questions about manipulation.

U.S. Government Report Alert Tuesday

U.S. Government Report Alert Tuesday - Ad

Every time the government releases jobs, inflation, GDP and other economic reports... Use the zero day loophole to target up to 253%... 327%... Even 383% overnight profits!

A Tesla car crashes and catches fire in France, killing 4

PARIS (AP) — Four people have died in a car crash in France after their Tesla vehicle reportedly hit a road sign and caught fire, police said Monday.

Trending Now

Walmart reaches settlement deal for shareholder lawsuits over its handling of opioids

A failed mic leaves Donald Trump pacing the stage in silence for nearly 20 minutes

Meet The Companies That Could Be Behind Apple's "AiPhone" - Ad

Google Says An Election Ad Ban Will Be Imposed After Polls Close To Curb Misinformation: 'Implementing This Policy Out Of An Abundance Of Caution'

Musk offers voters $1 million to sign PAC petition backing the Constitution. Can that be legal?

Elon: Tesla Is a Robotics Company Now - Ad

Alabama man arrested in SEC social media account hack that led the price of bitcoin to spike

Major Banks Suffer Data Breaches: How Safe Is Your Information?

Forget Nvidia, Apple, Tesla, and Google - Ad

Why LanzaTech Shares Are Surging On Wednesday

Supreme Court allows a rule limiting pollution from coal-fired power plants to remain in effect

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

European Cannabis Giant Bedrocan To Re-Enter Canadian Market With Pharmaceutical-Grade Products, New Facility

Donald Trump's World Liberty Financial Token Sales Hit $220M In First Hour, Website Faces Multiple Outages

The Mysterious VC Firm Behind Nvidia's Secret Weapon - Ad

Allstate Records $630M In Losses From Hurricane Helene, Other Insurers Report Significant Losses As Damage Mounts

Walgreens to close 1,200 US stores in an attempt to steady operations at home

Prepare for President Kamala - Ad

Turkey and Germany leaders meet in Istanbul and find many avenues of agreement. But not on Israel

Kamala Harris Defends Immigration Policy At Latino Town Hall, Criticizes Trump's Border Stance

Act by October 22nd: Discover Elon's Mind-Blowing New Invention! - Ad

Top 2 Materials Stocks You May Want To Dump In October

Nuclear Energy Stocks Are Hot: Here's A List Of Tickers To Watch

Tesla Execs Are Freaking Out - Ad

Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips

PPG will lay off 1,800 employees as paints and coatings maker aims to cut costs

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

Trump's Niece Calls Concessions Tim Walz Made to His Opponent During Tuesday's Debate Shocking: 'Won - Not On Style..But On Substance'

Here's Why Bill Gates Drops To Historic Low On Forbes 400 List

Gold: Now Legal Tender - Ad

Stellantis CEO says company is on pace to fix sales problems after poor performance this year

European Medicines Agency's Panel Supports Approval Of Novartis' Kisqali In Patients With Early-Breast Cancer

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks - Ad

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefing

Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment

Silicon Valley Insider Reveals AI Retirement Playbook - Ad

Amazon says new technology in delivery vans will help sort packages on the fly and save time

Kamala Harris Repeats Promise To Get Rid Of 'Unnecessary Degree Requirements' â€” 'I Will Challenge The Private Sector To Do The Same'

Financial Nightmare Coming After Election - Ad

Elon Musk Resumes Slamming FCC's Decision To Deny Starlink $885M Subsidy After FEMA Sends Its Terminals To Help Hurricane Helene Victims

Alcoa Analyst Boosts Price Target: Growth Strategy Hinges On Kwinana Savings, San Ciprian Resolution

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Stellantis, seeking to revive sales, makes some leadership changes

A chemical cloud moving around Atlanta's suburbs prompts a new shelter-in-place alert

Must-See 20 Second Trading Demo - Ad

China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurk

Tesla CEO Elon Musk To Campaign For Trump In Pennsylvania, Asks Attendees To Support Free Speech: 'There's No Attendance Fee'

Elon Musk: This Will Be Bigger Than Tesla - Ad

Colsen recalls nearly 90,000 tabletop fire pits after reports of serious burn injuries

US Stocks Could Open Narrowly Mixed After Tuesday's Chip Sell-Off, Bitcoin Heads To $68K, Oil Slips

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.