> PelvicOarfish: Robinhood’s Next Big Bet: AI Bots That Trade While You Sleep

So-called agentic trading tools will give everyday traders capabilities previously reserved for hedge funds and other Wall Street pros, Chief Executive Vlad Tenev said.

Robinhood agents can engage in a conversation based on simple written prompts, conduct research and trade automatically. For example, users can ask their agent to help analyze how computing costs might affect certain companies, then open positions in their stocks based on a series of follow-up questions.

In another use case, traders might deliver a more-specific command to their agents: “Run the wheel strategy,” a popular stock-options trade that aims to generate income by selling cash-secured puts and covered calls. The latter example will be possible with a coming feature called Loops, which will allow Robinhood agents to run a strategy repeatedly, even when users aren’t logged on.

Robinhood also said it would launch 24/7 trading hours for a select group of U.S. stocks, freeing its agents to execute users’ trades at any moment. And the company will make perpetual futures available to U.S. customers in the coming months. So-called perps are a type of derivative that let traders bet around the clock and use leverage to amplify their potential gains and losses.