-0.12%
Securities now lifted include Tootise Roll, American Airlines, Starbucks, General Motors, Beyond Meat, Bed Bath & Beyond and Rolls Royce, among others.
According to the company s support page, investors will be limited to 10 shares and 10 options contracts of AMC, 700 shares and 700 options contracts of BlackBerry, 20 shares and 20 options contracts of Express Inc., 1 share and 5 options contacts of GameStop, 600 shares and 600 options contracts of Genius Brands International, 2 shares of Koss Corp., 600 shares of Naked Brands Group and 2,000 shares and 1000 options contracts of Nokia Corp.
Photo courtesy of Robinhood
The new restrictions, which are aggregate limits for each security and not per-order limits, include shares and options contracts that an investor already holds. These limits may be subject to change throughout the day.
So now the big hedge funds want mercy themselves?
It s not likely to happen.
After sending GameStop, AMC and other beleaguered stocks into the stratosphere,
now investors on Reddit are talking about going after a really huge whale.
The silver market is perfectly primed for an epic short squeeze, and a coordinated assault by retail investors could make it happen.
The following is an excerpt from the post on the WallStreetBets Reddit subgroup that everyone is talking about. The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now. This means that for every 250 ounces in open interest in the futures market, only 1 actually gets delivered. Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future.
New York Attorney General Letitia James announced she is looking into recent activity on Robinhood after the trading platform restricted trading of certain securities Thursday, resulting in multiple lawsuits against the company.
Small peaceful protests have formed outside of Robinhood headquarters in Menlo Park, California, the Securities and Exchange Comission headquarters in Washington D.C. and the New York Stock Exchange Thursday following a call made in a now-deleted post on the speculative investing sub-Reddit forum WallStreetBets.