High-rolling investors have positioned themselves bearish on Robinhood Markets HOOD, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HOOD often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 22 options trades for Robinhood Markets. This is not a typical pattern.
The sentiment among these major traders is split, with 40% bullish and 59% bearish. Among all the options we identified, there was one put, amounting to $78,120, and 21 calls, totaling $821,383.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $9.0 to $25.0 for Robinhood Markets during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Robinhood Markets options trades today is 10293.08 with a total volume of 23,358.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Robinhood Markets's big money trades within a strike price range of $9.0 to $25.0 over the last 30 days.
Robinhood Markets Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HOOD | PUT | SWEEP | BULLISH | 02/16/24 | $14.00 | $78.1K | 46 | 0 |
| HOOD | CALL | TRADE | BEARISH | 01/17/25 | $12.00 | $73.4K | 14.3K | 1.4K |
| HOOD | CALL | SWEEP | BEARISH | 02/16/24 | $11.00 | $61.7K | 8.1K | 454 |
| HOOD | CALL | SWEEP | BULLISH | 01/19/24 | $12.00 | $55.4K | 28.9K | 790 |
| HOOD | CALL | SWEEP | BEARISH | 01/17/25 | $12.00 | $50.2K | 14.3K | 1.0K |
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.
Having examined the options trading patterns of Robinhood Markets, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Robinhood Markets's Current Market Status
- Currently trading with a volume of 13,825,833, the HOOD's price is down by -2.26%, now at $11.22.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 61 days.
Professional Analyst Ratings for Robinhood Markets
2 market experts have recently issued ratings for this stock, with a consensus target price of $17.0.
- Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $23.
- An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Robinhood Markets, which currently sits at a price target of $11.
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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