Bitcoin Rally Props Up Robinhood Stock Before Earnings

Group 1 - Robinhood Markets Inc (NASDAQ:HOOD) stock increased by 4.4% to $17.15 as Wall Street recovers from a selloff and Bitcoin rises [1] - The company is expected to report strong second-quarter earnings due to crypto trading and the resurgence of meme stocks [1] - Year-to-date, HOOD has a 33.2% gain and is rebounding from a pullback to its 200-day moving average, which provided support earlier in the year [2] Group 2 - The stock has experienced five declines in the past eight post-earnings sessions, including a 3.1% drop in May, but had a notable 13% increase after the February report [3] - Historically, shares have averaged a 7.3% price swing post-earnings, but current options pricing indicates a larger expected move of 18.8% [3] - Short-term options traders are showing bearish sentiment towards Robinhood, as indicated by a high put/call open interest ratio [3]