Robinhood Markets Unusual Options Activity

Investors with a lot of money to spend have taken a bullish stance on Robinhood Markets HOOD.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HOOD, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 42 uncommon options trades for Robinhood Markets.

This isn't normal.

The overall sentiment of these big-money traders is split between 47% bullish and 45%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $78,905, and 40 are calls, for a total amount of $3,737,070.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $65.0 for Robinhood Markets during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Robinhood Markets's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Robinhood Markets's whale trades within a strike price range from $20.0 to $65.0 in the last 30 days.

Robinhood Markets Option Volume And Open Interest Over 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, 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

Where Is Robinhood Markets Standing Right Now?

• With a volume of 15,315,403, the price of HOOD is down -3.67% at $41.61.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 56 days.

Professional Analyst Ratings for Robinhood Markets

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $43.8.

Turn $1000 into $1270 in just 20 days?

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 Barclays upgraded its action to Overweight with a price target of $49. * An analyst from Deutsche Bank persists with their Buy rating on Robinhood Markets, maintaining a target price of $42. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Robinhood Markets, targeting a price of $40. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Robinhood Markets with a target price of $42. * An analyst from Goldman Sachs upgraded its action to Buy with a price target of $46.

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.