Financial giants have made a conspicuous bullish move on Robinhood Markets. Our analysis of options history for Robinhood Markets HOOD revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $256,090, and 5 were calls, valued at $172,561.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $9.0 to $15.0 for Robinhood Markets over the recent three months.
Analyzing 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 $9.0 to $15.0 in the last 30 days.
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 | PUT | SWEEP | BULLISH | 06/21/24 | $15.00 | $132.0K | 1.2K | 300 |
| HOOD | CALL | TRADE | BULLISH | 02/23/24 | $11.00 | $50.0K | 983 | 773 |
| HOOD | PUT | SWEEP | BULLISH | 06/21/24 | $15.00 | $40.4K | 1.2K | 392 |
| HOOD | CALL | SWEEP | NEUTRAL | 02/16/24 | $11.00 | $37.3K | 65.7K | 2.3K |
| HOOD | CALL | TRADE | NEUTRAL | 01/16/26 | $12.00 | $33.0K | 17.5K | 186 |
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.
Present Market Standing of Robinhood Markets
- With a trading volume of 4,520,397, the price of HOOD is up by 0.56%, reaching $10.84.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 6 days from now.
What The Experts Say On Robinhood Markets
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $13.25.
- An analyst from Goldman Sachs persists with their Neutral rating on Robinhood Markets, maintaining a target price of $11.
- An analyst from Mizuho persists with their Buy rating on Robinhood Markets, maintaining a target price of $15.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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