Deep-pocketed investors have adopted a bullish approach towards Robinhood Markets HOOD, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HOOD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Robinhood Markets. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 68% leaning bullish and 22% bearish. Among these notable options, 4 are puts, totaling $186,995, and 18 are calls, amounting to $1,239,053.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $50.0 for Robinhood Markets over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Robinhood Markets's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Robinhood Markets's substantial trades, within a strike price spectrum from $30.0 to $50.0 over the preceding 30 days.
Robinhood Markets Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HOOD | CALL | SWEEP | BULLISH | 01/16/26 | $12.3 | $12.2 | $12.3 | $37.00 | $332.0K | 12.6K | 276 |
| HOOD | CALL | SWEEP | BULLISH | 01/16/26 | $15.75 | $15.7 | $15.75 | $30.00 | $144.9K | 9.9K | 96 |
| HOOD | CALL | SWEEP | NEUTRAL | 02/21/25 | $4.8 | $4.6 | $4.7 | $39.00 | $117.5K | 1.3K | 250 |
| HOOD | CALL | SWEEP | BULLISH | 01/15/27 | $14.95 | $14.2 | $14.73 | $40.00 | $88.3K | 4.3K | 65 |
| HOOD | CALL | TRADE | NEUTRAL | 01/17/25 | $2.15 | $2.05 | $2.1 | $40.00 | $73.5K | 19.4K | 754 |
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.
Following our analysis of the options activities associated with Robinhood Markets, we pivot to a closer look at the company's own performance.
Current Position of Robinhood Markets
- Currently trading with a volume of 5,689,035, the HOOD's price is up by 1.45%, now at $40.16.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 47 days.
Expert Opinions on Robinhood Markets
5 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Keefe, Bruyette & Woods keeps a Market Perform rating on Robinhood Markets with a target price of $38. * An analyst from Needham downgraded its action to Buy with a price target of $52. * Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Robinhood Markets, targeting a price of $47. * Showing optimism, an analyst from Goldman Sachs upgrades its rating to Buy with a revised price target of $46. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Robinhood Markets, which currently sits at a price target of $42.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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