Wealthy investors have recently displayed a noticeable bullish stance towards Robinhood Markets.
When delving into the options history of Robinhood Markets (NASDAQ: HOOD), a total of 14 trades were identified.
Breaking down each trade, it is evident that 57% of investors initiated trades with bullish expectations, compared to 35% with bearish sentiments.
Of the detected trades, 4 were puts with a total amount of $171,711, while 10 were calls with a collective value of $799,861.
Predicted Price Movements
Analysis of Volume and Open Interest reveals that significant players are targeting a price range of $20.0 to $30.0 for Robinhood Markets in the recent quarter.
Examining Volume and Open Interest
Scrutinizing the volume and open interest provides valuable insight when performing due diligence on a stock.
This data aids in monitoring the liquidity and interest in Robinhood Markets’ options for specific strike prices.
Below illustrates the progression of volume and open interest for calls and puts within the $20.0 to $30.0 strike price range for Robinhood Markets’ notable whale activity in the last 30 days.
Options Activity for Robinhood Markets in the Last 30 Days
Significant Options Movements:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HOOD | CALL | SWEEP | BULLISH | 01/16/26 | $4.5 | $4.4 | $4.5 | $30.00 | $225.0K | 9.9K | 272 |
| HOOD | CALL | SWEEP | BULLISH | 11/15/24 | $2.96 | $2.93 | $2.96 | $22.00 | $148.0K | 1.5K | 502 |
| HOOD | CALL | TRADE | BULLISH | 01/16/26 | $6.9 | $6.7 | $6.85 | $22.00 | $137.0K | 23.7K | 200 |
| HOOD | CALL | TRADE | NEUTRAL | 01/16/26 | $4.5 | $4.3 | $4.4 | $30.00 | $66.0K | 9.9K | 654 |
| HOOD | PUT | SWEEP | BULLISH | 08/02/24 | $0.49 | $0.48 | $0.48 | $20.50 | $58.3K | 8.3K | 2.7K |
About Robinhood Markets
Robinhood Markets Inc. is revolutionizing the financial services landscape through its cutting-edge platform.
It pioneers unique products and services, delivering them via a user-friendly app on a cloud-based platform powered by its proprietary technology.
This integrated ecosystem has facilitated the rollout of innovative features such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO access.
The firm generates revenue through transaction fees by directing user orders for options, equities, and cryptocurrencies to market makers upon execution.
Current Market Status of Robinhood Markets
- Trading at $20.61 with a volume of 5,290,986, HOOD has experienced a decline of -2.69%.
- Indications from RSI suggest that the stock may be nearing oversold territory.
- The upcoming earnings report is slated for release in the next 8 days.
Analyst Views on Robinhood Markets
Four industry experts have shared their perspectives on Robinhood Markets over the past month, projecting an average target price of $21.5.
- Goldman Sachs retains a Neutral rating on Robinhood Markets, with a target price of $21.
- Piper Sandler also maintains a Neutral stance with a target of $20.
- Barclays upholds an Underweight rating and a target price of $20.
- Keybanc continues to advocate an Overweight position, setting a price target of $25.
Options trading offers both higher risks and potential rewards. Savvy traders mitigate these risks by staying informed, adapting their strategies, monitoring various indicators, and closely tracking market fluctuations. Stay updated on the latest options trades related to Robinhood Markets with real-time alerts.