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Because, to quote your comment, "their customers are mostly unsophisticated." And, part of the appeal of the product, is they only pay out if *all of them are
by mrDmrTmrJ 1y ago
Because, to quote your comment, "their customers are mostly unsophisticated."
And, part of the appeal of the product, is they only pay out if *all of them are in the money. Hence the "lotto-like" return profile.
- quamserena 1y agoWhile Robinhood users are unsophisticated (seriously use another brokerage…) I think that they would see through this.