Check Out What Whales Are Doing With HOOD

Deep-pocketed investors have adopted a bearish approach towards Robinhood Markets HOOD, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HOOD usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Robinhood Markets. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 26% leaning bullish and 73% bearish. Among these notable options, 5 are puts, totaling $186,997, and 10 are calls, amounting to $422,848.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $32.0 for Robinhood Markets during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Robinhood Markets options trades today is 20437.55 with a total volume of 10,469.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Robinhood Markets's big money trades within a strike price range of $10.0 to $32.0 over the last 30 days.

Robinhood Markets Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Robinhood Markets

Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.

Having examined the options trading patterns of Robinhood Markets, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Robinhood Markets

• Trading volume stands at 5,095,996, with HOOD's price up by 0.18%, positioned at $16.89.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 57 days.

Professional Analyst Ratings for Robinhood Markets

In the last month, 5 experts released ratings on this stock with an average target price of $15.1.

• An analyst from Barclays has decided to maintain their Underweight rating on Robinhood Markets, which currently sits at a price target of $11.
• An analyst from JMP Securities persists with their Market Outperform rating on Robinhood Markets, maintaining a target price of $25.
• Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Robinhood Markets, targeting a price of $15.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Robinhood Markets, targeting a price of $12.
• An analyst from JP Morgan persists with their Underweight rating on Robinhood Markets, maintaining a target price of $12.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Robinhood Markets with Benzinga Pro for real-time alerts.