Behind the Scenes of Robinhood Markets's Latest Options Trends

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 12 uncommon options trades for Robinhood Markets.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $191,793, and 8 are calls, for a total amount of $496,388.

Latest Startup Investment Opportunities:

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $30.0 for Robinhood Markets over the last 3 months.

Volume & Open Interest Development

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 $12.0 to $30.0, over the past month.

Robinhood Markets Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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

• With a trading volume of 4,363,949, the price of HOOD is up by 0.68%, reaching $17.73.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 5 days from now.

Expert Opinions on Robinhood Markets

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $20.4.

• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Robinhood Markets with a target price of $23.
• An analyst from Piper Sandler persists with their Neutral rating on Robinhood Markets, maintaining a target price of $17.
• Maintaining their stance, an analyst from Barclays continues to hold a Underweight rating for Robinhood Markets, targeting a price of $16.
• An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Robinhood Markets, which currently sits at a price target of $18.
• An analyst from JMP Securities persists with their Market Outperform rating on Robinhood Markets, maintaining a target price of $28.

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.