Financial giants have made a conspicuous bullish move on Robinhood Markets. Our analysis of options history for Robinhood Markets HOOD revealed 47 unusual trades.
Delving into the details, we found 59% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $141,337, and 44 were calls, valued at $2,353,726.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $8.0 to $35.0 for Robinhood Markets over the last 3 months.
Insights into 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 $8.0 to $35.0, over the past month.
Robinhood Markets Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HOOD | CALL | TRADE | BEARISH | 06/21/24 | $2.5 | $2.38 | $2.42 | $20.00 | $292.3K | 33.2K | 1.4K |
| HOOD | CALL | SWEEP | BULLISH | 08/16/24 | $2.67 | $2.59 | $2.59 | $22.00 | $208.2K | 4.7K | 1.1K |
| HOOD | CALL | TRADE | BEARISH | 09/20/24 | $4.65 | $4.45 | $4.5 | $20.00 | $141.3K | 4.7K | 316 |
| HOOD | CALL | TRADE | BULLISH | 06/21/24 | $3.15 | $3.05 | $3.12 | $19.00 | $93.6K | 6.4K | 922 |
| HOOD | CALL | TRADE | BULLISH | 06/21/24 | $3.15 | $3.0 | $3.1 | $19.00 | $93.0K | 6.4K | 621 |
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.
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.
Robinhood Markets's Current Market Status
- With a volume of 17,044,224, the price of HOOD is up 0.29% at $20.96.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 58 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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