Smart Money Is Betting Big In HOOD Options

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 20 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 55% leaning bullish and 35% bearish. Among these notable options, 8 are puts, totaling $396,557, and 12 are calls, amounting to $687,106.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $65.0 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 $30.0 to $65.0, over the past month.

Robinhood Markets Option Activity Analysis: Last 30 Days

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.

In light of the recent options history for Robinhood Markets, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Robinhood Markets

• Currently trading with a volume of 3,192,081, the HOOD's price is down by -0.08%, now at $41.59.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 36 days.

What Analysts Are Saying About Robinhood Markets

5 market experts have recently issued ratings for this stock, with a consensus target price of $64.2.

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

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Robinhood Markets with Benzinga Pro for real-time alerts.