Looking At Robinhood Markets's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on Robinhood Markets HOOD.

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 13 options trades for Robinhood Markets.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $91,500, and 12, calls, for a total amount of $967,432.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $25.0 for Robinhood Markets, spanning the last three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Robinhood Markets's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Robinhood Markets's significant trades, within a strike price range of $10.0 to $25.0, over the past month.

Robinhood Markets 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Robinhood Markets, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Robinhood Markets

• With a volume of 5,491,800, the price of HOOD is up 2.65% at $17.02.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 65 days.

What Analysts Are Saying About Robinhood Markets

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

• An analyst from Keybanc persists with their Overweight rating on Robinhood Markets, maintaining a target price of $15.
• 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 has decided to maintain their Underweight rating on Robinhood Markets, which currently sits at a price target of $11.
• An analyst from JMP Securities persists with their Market Outperform rating on Robinhood Markets, maintaining a target price of $25.
• Consistent in their evaluation, an analyst from JP Morgan keeps a Underweight rating on Robinhood Markets with a target price of $12.

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.