A Closer Look at Robinhood Markets Options Market Dynamics – Robinhood Markets (NASDAQ:HOOD)

The financial giants have made a notable bullish move on Robinhood Markets. Our Options History Analysis for Robinhood Markets COVER discovered 47 unusual trades.

Drilling down, we found that 59% of traders were bullish, while 40% were bearish. Of all the trades we observed, 3 were puts, worth $141,337, and 44 were calls, worth $2,353,726.

Anticipated price targets

Considering the volume and open interest in these contracts, it appears that the whales have targeted a price range of $8.0 to $35.0 for Robinhood Markets over the past 3 months.

Insights into volume and open interest

Examining volume and open interest provides essential insights into stock research. This information is key in measuring liquidity and interest levels for Robinhood Markets options with certain strike prices. Below, we present a snapshot of volume trends and open interest for calls and offers in important Robinhood Markets, within a price range of $8.0 to $35.0, over the past month.

Robinhood Markets option volume and open interest over the past 30 days

Important options activity:

symbol PUT/CALL Type of trade thought Exp. DATED Ask Offers PRICE Fixed price Total trade price Open interest Volume
COVER call TradE wave 21.06.24 2.5 dollars $2.38 $2.42 $20.00 292.3 thousand dollars 33.2 thousand 1.4K
COVER call ERASE BULLY 16.08.24 $2.67 $2.59 $2.59 $22.00 208.2 thousand dollars 4.7 thousand 1.1 thousand
COVER call TradE wave 20.09.24 $4.65 $4.45 4.5 dollars $20.00 141.3 thousand dollars 4.7 thousand 316
COVER call TradE BULLY 21.06.24 $3.15 $3.05 $3.12 $19.00 93.6 thousand dollars 6.4K 922
COVER call TradE BULLY 21.06.24 $3.15 $3.0 3.1 dollars $19.00 93.0 thousand dollars 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 application-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 access to IPOs. It earns transaction-based revenue by saving user orders for options, stocks and cryptocurrencies to market makers when a directed order is executed.

In light of the recent options history for Robinhood Markets, it is now appropriate to focus on the company itself. We aim to explore its current performance.

Current market status of Robinhood Markets

  • With a volume of 17,044,224, the price of HOOD rose 0.29% to $20.96.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • The next earnings are expected to be released in 58 days.

Trading options involves greater risks, but also offers the potential for higher profits. Smart traders mitigate these risks through continuous education, strategic trade adjustments, use of various indicators and staying tuned to market dynamics. Keep up with the latest trading options for Robinhood Markets with Benzinga Pro for real-time alerts.

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