Investors with a lot of money to spend have taken a bullish stance on Robinhood Markets (NASDAQ: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 79 uncommon options trades for Robinhood Markets.
This isn't normal.
The overall sentiment of these big-money traders is split between 49% bullish and 37%, bearish.
Out of all of the special options we uncovered, 45 are puts, for a total amount of $5,979,610, and 34 are calls, for a total amount of $2,035,472.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $150.0 for Robinhood Markets during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Robinhood Markets's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Robinhood Markets's substantial trades, within a strike price spectrum from $45.0 to $150.0 over the preceding 30 days.
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 | PUT | TRADE | NEUTRAL | 01/21/28 | $20.65 | $20.15 | $20.37 | $70.00 | $3.6M | 2.8K | 1.8K |
| HOOD | CALL | SWEEP | BULLISH | 03/19/27 | $11.2 | $10.8 | $11.03 | $120.00 | $277.4K | 466 | 279 |
| HOOD | PUT | SWEEP | BEARISH | 03/20/26 | $1.66 | $1.6 | $1.66 | $70.00 | $220.6K | 11.7K | 670 |
| HOOD | CALL | TRADE | BEARISH | 01/21/28 | $24.4 | $23.7 | $23.7 | $100.00 | $118.5K | 12.3K | 179 |
| HOOD | PUT | SWEEP | BULLISH | 03/20/26 | $5.85 | $5.55 | $5.7 | $80.00 | $101.5K | 9.2K | 46 |
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, fraud detection, derivatives, fractional shares, recurring investments, and others.
Following our analysis of the options activities associated with Robinhood Markets, we pivot to a closer look at the company's own performance.
Present Market Standing of Robinhood Markets
- Currently trading with a volume of 21,540,271, the HOOD's price is up by 3.96%, now at $78.85.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 58 days.
What Analysts Are Saying About Robinhood Markets
In the last month, 5 experts released ratings on this stock with an average target price of $126.8.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Robinhood Markets with a target price of $130.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Robinhood Markets, targeting a price of $124.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on Robinhood Markets, which currently sits at a price target of $130.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $130.
- An analyst from Truist Securities persists with their Buy rating on Robinhood Markets, maintaining a target price of $120.
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.
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