Investors with a lot of money to spend have taken a bullish stance on Robinhood Markets (NASDAQ: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 28 uncommon options trades for Robinhood Markets.

This isn't normal.

The overall sentiment of these big-money traders is split between 39% bullish and 35%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $312,850, and 23 are calls, for a total amount of $1,726,781.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $40.0 for Robinhood Markets during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Robinhood Markets's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Robinhood Markets's whale trades within a strike price range from $13.0 to $40.0 in the last 30 days.

Robinhood Markets Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Robinhood Markets

Following our analysis of the options activities associated with Robinhood Markets, we pivot to a closer look at the company's own performance.

Current Position of Robinhood Markets

• Trading volume stands at 19,794,024, with HOOD's price up by 10.74%, positioned at $33.82.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 92 days.

What The Experts Say On Robinhood Markets

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $26.4.

Unusual Options Activity Detected: Smart Money on the Move

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.