Meta's Muse Sinks Schwab 6% as Traders Pile Into Puts — SkimNews
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- Charles Schwab shares fell 6% Tuesday to their lowest level since early July, now down more than 8% since Meta announced Muse.
- Robinhood rallied to a fresh year-to-date high, up 10% on the year after dropping 40%+ in Q1 and soaring 1,200% over three years; options traders bought twice as many calls as puts with 80%+ of the $95 million in premium tied to calls.
- LPL Financial dropped 7%, Raymond James shed 3.5%, and Interactive Brokers slipped 1%, while the State Street XLF ETF lost 2% Tuesday and is now down 6% from monthly highs.
- Meta's Muse says it won't trade for users or give financial advice, but lists abilities including tracking investments, monitoring progress toward goals, and analyzing how portfolio holdings fit together.
- Robinhood launched AI agents in May that can trade and manage portfolios on behalf of users — a capability already shipping that helped its stock diverge sharply from legacy brokers on Tuesday.
- Schwab Advisor Services announced last week it is partnering with Anthropic to build Claude for Financial Advisors, signaling the incumbent's own AI counter-move against the disruption narrative.
- Options traders piled into Schwab puts — Cboe LiveVol data show volume ran five times the daily average with nearly twice as many puts bought versus calls, making the 90-strike put expiring mid-January the most popular contract.
Why it matters: The Schwab selloff looks structural, not a one-day scare: options volume ran 5x the average with twice as many puts as calls, and the stock is down 8%+ since Meta announced Muse. Meanwhile AI-first broker Robinhood hit a fresh year-to-date high on the same news, so the gap between legacy intermediaries and AI-native platforms is now showing up directly in relative stock performance.
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