Smart Money Is Betting Big In HOOD Options

Investors with a lot of money to spend have taken a bullish 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 11 uncommon options trades for Robinhood Markets.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 27%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $309,077, and 7 are calls, for a total amount of $325,999.

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 $37.0 and $60.0 for Robinhood Markets, spanning the last three months.

Analyzing Volume & Open Interest

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 $37.0 to $60.0 in the last 30 days.

Robinhood Markets Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with Robinhood Markets, we pivot to a closer look at the company's own performance.

Present Market Standing of Robinhood Markets

• With a trading volume of 2,302,658, the price of HOOD is down by -1.12%, reaching $42.32.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 48 days from now.

Professional Analyst Ratings for Robinhood Markets

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $61.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for Robinhood Markets, targeting a price of $61. * In a cautious move, an analyst from Compass Point downgraded its rating to Buy, setting a price target of $61.

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.