Robinhood (HOOD) has been very active recently: launching over 200 equity tokens in Europe, combining a '24/5 zero commission + low exchange fee' strategy, attracting a large number of retail users; however, due to the miscommunication of 'OpenAI tokenization', compliance issues have raised market concerns again, and regulatory risks have become the focus.
From a fundamental perspective, CEO Tenev reduced his holdings by 750,000 shares this month according to the 10b5-1 plan, cashing out about $70 million, but he still holds 47 million Class B shares, maintaining control. KeyBanc recently raised its target price to $110, believing that Robinhood's tokenization process and cross-border business expansion will drive revenue growth.
In the options market, the implied volatility (IV) on the 30th remained around 81%, at the median level over the past year (IV Rank about 55%), indicating that the market has high expectations for volatility in the Q2 earnings report. The OI Put/Call ratio is 0.61, indicating a bullish bias, while Max Pain is $90, suggesting that bulls may face profit-taking pressure.