Unpacking the Latest Options Trading Trends in Robinhood Markets

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 53 uncommon options trades for Robinhood Markets.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 49%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $407,058, and 44 are calls, for a total amount of $5,886,717.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $30.0 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 $10.0 to $30.0 in the last 30 days.

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.

Present Market Standing of Robinhood Markets

• With a volume of 15,133,697, the price of HOOD is up 0.01% at $16.13.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 69 days.

Expert Opinions on Robinhood Markets

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

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

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Robinhood Markets options trades with real-time alerts from Benzinga Pro.