Webull stock price jumped by over 10% on Wednesday as investors bought the dip and as the options market pointed to more bullish positioning. BULL jumped to $6.12, up by 15% from its lowest point this week.

Webull stock jumped amid bullish options positioning

Webull, a top Robinhood-like company, jumped on Wednesday as investors bought the dip. This rally coincided with the gains across the industry, with Robinhood jumping by over 10% and Interactive Broker rising by 5%.

The rally also happened amid bullish positioning in the options market. Data shows that the put volume stands at 10,240, while its open interest is at 6.455. Call volume, on the other hand, stands at 40,000, while its open interest is 31,235. This means that the put/call…