Around 39 million options contracts have changed hands on an average day this year, up 35% from last year and the highest level ever, according to Options Clearing Corp. data as of the end of November. Retail traders recently made up around one-quarter of all options activity.
A quote from the article
Investors Are Using Robinhood, Other Platforms to Jump Into Options Trades, Worrying U.S. RegulatorsRobinhood is turning the new generation into gamblers and regulators are concerned because options trading is now preferred by the newer generations over stock trading or investing. We all know options trading is not investing because with options trading you are just betting what the price will be of a company's stock.
Regulators worry is that companies like Robinhood and Ameritrade easily approve users to gain access to options which makes the surge of these new gamblers. Retail investors are also enticed to join this frenzy because leverage is quite high while zero transaction fees.
Robinhood also offers crypto trading so I wonder if Bitcoin Futures & Options are also the most preferred today by the new generations of traders than on the spot market?
Well since they offered so many promos many youngsters only attracted to try using options trading, also using your luck rather is easier than learning a new skill tho. They always persuade new investors with a great return, safety, promos and others. Now lately I saw many ads about it lmao
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