Unpacking the Latest Options Trading Trends in Robinhood Markets

Whales with a lot of money to spend have taken a noticeably bearish stance on Robinhood Markets.

Looking at options history for Robinhood Markets HOOD we detected 17 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $251,135 and 14, calls, for a total amount of $2,588,619.

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 $10.0 to $25.0 for Robinhood Markets over the last 3 months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Robinhood Markets stands at 16465.92, with a total volume reaching 19,966.00. 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 $10.0 to $25.0, throughout the last 30 days.

Robinhood Markets Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Where Is Robinhood Markets Standing Right Now?

• Currently trading with a volume of 13,899,768, the HOOD's price is up by 0.15%, now at $13.4.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 83 days.

Expert Opinions on Robinhood Markets

5 market experts have recently issued ratings for this stock, with a consensus target price of $15.1.

• Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Robinhood Markets with a target price of $25.
• Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Robinhood Markets, targeting a price of $15.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Underweight rating for Robinhood Markets, targeting a price of $12.
• An analyst from Piper Sandler has decided to maintain their Neutral rating on Robinhood Markets, which currently sits at a price target of $12.
• An analyst from Barclays persists with their Underweight rating on Robinhood Markets, maintaining a target price of $11.

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.