A Closer Look at Robinhood Markets's Options Market Dynamics

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 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 39 uncommon options trades for Robinhood Markets.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $709,427, and 31 are calls, for a total amount of $1,478,337.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $32.0 for Robinhood Markets over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Robinhood Markets stands at 10059.48, with a total volume reaching 30,021.00. 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 $12.0 to $32.0, throughout the last 30 days.

Robinhood Markets Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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?

• With a trading volume of 15,201,576, the price of HOOD is up by 1.22%, reaching $16.56.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 61 days from now.

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