Financial giants have made a conspicuous bullish move on Robinhood Markets. Our analysis of options history for Robinhood Markets HOOD revealed 23 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $262,659, and 18 were calls, valued at $697,208.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $9.0 to $20.0 for Robinhood Markets over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Robinhood Markets stands at 12751.6, with a total volume reaching 65,259.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Robinhood Markets, situated within the strike price corridor from $9.0 to $20.0, throughout the last 30 days.
Robinhood Markets 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HOOD | CALL | TRADE | BULLISH | 02/16/24 | $11.00 | $118.5K | 62.6K | 1.8K |
| HOOD | PUT | SWEEP | BEARISH | 02/16/24 | $11.00 | $98.2K | 21.2K | 8.5K |
| HOOD | CALL | TRADE | BULLISH | 02/16/24 | $11.00 | $70.0K | 62.6K | 8.0K |
| HOOD | PUT | TRADE | BULLISH | 02/16/24 | $10.50 | $60.0K | 12.4K | 8.0K |
| HOOD | PUT | TRADE | BULLISH | 02/16/24 | $11.00 | $49.5K | 21.2K | 11.6K |
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.
Following our analysis of the options activities associated with Robinhood Markets, we pivot to a closer look at the company's own performance.
Robinhood Markets's Current Market Status
- Currently trading with a volume of 15,180,099, the HOOD's price is up by 1.82%, now at $11.76.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 1 days.
What The Experts Say On Robinhood Markets
1 market experts have recently issued ratings for this stock, with a consensus target price of $15.0.
- Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Robinhood Markets, targeting a 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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