$Robinhood Markets(HOOD)$ [On-chain] assets ignited, is #Robinhood breaking a hundred just the beginning?

On June 30, Robinhood (HOOD) rose by 12.8% to $93.63, reaching $96.59 in after-hours trading, approaching the $100 mark.

On the surface, it appears that Bank of America has significantly raised its target price, but the driving force behind it is a new story about "on-chain assets": the company officially announced at the Cannes press conference that it will open 24×7 tokenized trading of US stocks for EU users, and it will also migrate more than 200 US stocks/ETFs to its self-developed Layer 2 blockchain, with staking, perpetual contracts, and cashback activities added, revealing its ambitions for on-chain transformation.

Another potential catalyst is the S&P 500 inclusion expectation: several institutions estimate that if Robinhood successfully fills the position, index funds may passively purchase around 110 million shares, which is approximately 11 billion dollars at the current price.

Options funds also quickly followed: the total daily transaction exceeded 1.31 million contracts, with a Put/Call ratio of only 0.33. The implied volatility of the 7/3 contract soared to 112%, and the market implied a one-sided volatility for this week of ±6%. However, the IV Rank is only 44%, indicating that although short-term enthusiasm is extremely high, the historical volatility range does not appear extreme.

Not constitute investment advice.