Robinhood Markets's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bullish stance on Robinhood Markets.

Looking at options history for Robinhood Markets HOOD we detected 75 trades.

If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $838,514 and 62, calls, for a total amount of $4,549,122.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.0 and $80.0 for Robinhood Markets, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $12.0 to $80.0 in the last 30 days.

Robinhood Markets Option Activity Analysis: Last 30 Days

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, fraud detection, derivatives, fractional shares, recurring investments, and others.

After a thorough review of the options trading surrounding Robinhood Markets, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Robinhood Markets

• Currently trading with a volume of 42,026,917, the HOOD's price is down by -15.34%, now at $37.6.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 58 days.

What The Experts Say On Robinhood Markets

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $66.6.

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. * An analyst from Barclays persists with their Overweight rating on Robinhood Markets, maintaining a target price of $76. * An analyst from Keybanc persists with their Overweight rating on Robinhood Markets, maintaining a target price of $75. * Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Robinhood Markets with a target price of $45. * An analyst from JMP Securities has decided to maintain their Market Outperform rating on Robinhood Markets, which currently sits at a price target of $77. * An analyst from Keefe, Bruyette & Woods persists with their Market Perform rating on Robinhood Markets, maintaining a target price of $60.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Robinhood Markets, Benzinga Pro gives you real-time options trades alerts.