Market Whales and Their Recent Bets on HOOD Options

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

Looking at options history for Robinhood Markets HOOD we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $531,983 and 3, calls, for a total amount of $143,489.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $38.5 to $54.0 for Robinhood Markets over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Robinhood Markets's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Robinhood Markets's significant trades, within a strike price range of $38.5 to $54.0, over the past month.

Robinhood Markets Option Volume And Open Interest Over Last 30 Days

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

Robinhood Markets's Current Market Status

• With a volume of 2,635,430, the price of HOOD is down -4.16% at $40.18.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 37 days.

Expert Opinions on Robinhood Markets

In the last month, 5 experts released ratings on this stock with an average target price of $64.2.

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 Compass Point downgraded its action to Buy with a price target of $61. * An analyst from Keefe, Bruyette & Woods has revised its rating downward to Market Perform, adjusting the price target to $60. * Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Robinhood Markets with a target price of $61. * In a cautious move, an analyst from Citizens Capital Markets downgraded its rating to Market Outperform, setting a price target of $77. * An analyst from Needham has decided to maintain their Buy rating on Robinhood Markets, which currently sits at a price target of $62.

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.