Trading platforms Webull Corp (NASDAQ:BULL) and Robinhood Markets Inc (NASDAQ:HOOD) are buzzing today, after the Securities and Exchanges Commission (SEC) eliminated the pattern day-trader minimum balance of $25,000. Trade count limits were also removed, setting retail traders up for much more involvement in the markets.
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How BULL, HOOD Are Moving
BULL is up 8.3% to trade at $6.28, on track for a third-straight gain. The shares have added nearly 30% in this timeframe, but are still 17% lower on the year.
Despite this negative price action, call traders are prevalent. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), BULL's 10-day call/put volume ratio of 12.29 ranks in the 99th percentile of its annual range.
Robinhood stock is 4% higher to trade at $82.38, also heading for a third-straight win. Like its smaller sector peer, Robinhood stock is 19% higher in April but still 26% lower in 2026.
There's a call bias with Robinhood as well, but not as stark as Webull's. At the ISE, CBOE, PHLX, HOOD sports a 10-day call/put volume ratio of 2.63 that sits in the 80th percentile of its annual range.
The Ties That Bind
Both Webull and Robinhood stocks are now firmly in overbought territory, per their matching 14-Day Relative Strength Indexes (RSI) of 72.
