Check Out What Whales Are Doing With HOOD

Investors with a lot of money to spend have taken a bullish stance on Robinhood Markets HOOD.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HOOD, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 26 uncommon options trades for Robinhood Markets.

This isn't normal.

The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $93,913, and 23 are calls, for a total amount of $2,030,770.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $14.0 and $32.0 for Robinhood Markets, spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Robinhood Markets's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Robinhood Markets's significant trades, within a strike price range of $14.0 to $32.0, over the past month.

Robinhood Markets Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
HOOD CALL TRADE BEARISH 09/20/24 $20.00 $331.0K 1.9K 1.0K
HOOD CALL SWEEP BULLISH 03/28/24 $14.00 $246.5K 800 502
HOOD CALL SWEEP BULLISH 06/21/24 $26.00 $197.5K 12.8K 3.0K
HOOD CALL TRADE BEARISH 01/17/25 $32.00 $179.8K 10.4K 1.0K
HOOD CALL TRADE BULLISH 11/15/24 $16.00 $110.4K 150 200

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.

In light of the recent options history for Robinhood Markets, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Robinhood Markets

  • With a volume of 11,582,107, the price of HOOD is up 0.49% at $18.39.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 44 days.

What Analysts Are Saying About Robinhood Markets

In the last month, 3 experts released ratings on this stock with an average target price of $22.0.

  • In a cautious move, an analyst from Bernstein downgraded its rating to Outperform, setting a price target of $30.
  • An analyst from Mizuho has decided to maintain their Buy rating on Robinhood Markets, which currently sits at a price target of $20.
  • Consistent in their evaluation, an analyst from Deutsche Bank keeps a Hold rating on Robinhood Markets with a target price of $16.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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