Financial giants have made a conspicuous bullish move on Robinhood Markets. Our analysis of options history for Robinhood Markets HOOD revealed 13 unusual trades.
Delving into the details, we found 69% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $218,871, and 9 were calls, valued at $311,060.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $7.0 to $15.0 for Robinhood Markets over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Robinhood Markets options trades today is 13106.83 with a total volume of 32,227.00.
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 $7.0 to $15.0 over the last 30 days.
Robinhood Markets Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HOOD | PUT | SWEEP | BULLISH | 08/16/24 | $7.00 | $70.9K | 1.9K | 10.4K |
| HOOD | PUT | SWEEP | BULLISH | 08/16/24 | $7.00 | $53.2K | 1.9K | 7.8K |
| HOOD | PUT | SWEEP | BULLISH | 08/16/24 | $7.00 | $49.5K | 1.9K | 5.9K |
| HOOD | CALL | SWEEP | NEUTRAL | 02/16/24 | $11.00 | $47.4K | 28.2K | 1.4K |
| HOOD | PUT | SWEEP | BULLISH | 08/16/24 | $7.00 | $45.1K | 1.9K | 47 |
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.
Following our analysis of the options activities associated with Robinhood Markets, we pivot to a closer look at the company's own performance.
Robinhood Markets's Current Market Status
- Currently trading with a volume of 4,442,196, the HOOD's price is up by 1.03%, now at $10.82.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 22 days.
Expert Opinions on Robinhood Markets
In the last month, 3 experts released ratings on this stock with an average target price of $13.5.
- An analyst from Keybanc persists with their Overweight rating on Robinhood Markets, maintaining a target price of $14.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Robinhood Markets, targeting a price of $11.
- Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Robinhood Markets, targeting a price of $15.
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.
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