This Is What Whales Are Betting On Robinhood Markets

High-rolling investors have positioned themselves bullish on Robinhood Markets HOOD, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HOOD often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 16 options trades for Robinhood Markets. This is not a typical pattern.

The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $36,960, and 15 calls, totaling $636,466.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $35.0 for Robinhood Markets, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Robinhood Markets options trades today is 7282.71 with a total volume of 24,327.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Robinhood Markets's big money trades within a strike price range of $15.0 to $35.0 over the last 30 days.

Robinhood Markets Call and Put Volume: 30-Day Overview

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

Robinhood Markets's Current Market Status

• With a trading volume of 4,534,733, the price of HOOD is down by -1.1%, reaching $17.95.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 51 days from now.

What Analysts Are Saying About Robinhood Markets

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.0.

• An analyst from Mizuho has decided to maintain their Buy rating on Robinhood Markets, which currently sits at a price target of $20.
• An analyst from Bernstein downgraded its action to Outperform with a price target of $30.
• An analyst from Deutsche Bank persists with their Hold rating on Robinhood Markets, maintaining a target price of $16.

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.