A whale with a lot of money to spend has taken a noticeably bullish stance on Robinhood Markets.
Looking at options history for Robinhood Markets (NASDAQ:HOOD) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 20% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $344,306 and 5, calls, for a total amount of $235,747.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $9.0 to $20.0 for Robinhood Markets over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $9.0 to $20.0 in the last 30 days.
Robinhood Markets Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HOOD | PUT | SWEEP | BULLISH | 01/20/23 | $17.00 | $107.8K | 1.9K | 299 |
| HOOD | PUT | SWEEP | BULLISH | 02/17/23 | $10.00 | $106.1K | 1.8K | 2.0K |
| HOOD | CALL | SWEEP | BULLISH | 01/20/23 | $13.00 | $96.6K | 11.1K | 904 |
| HOOD | PUT | SWEEP | BULLISH | 01/20/23 | $17.00 | $56.1K | 1.9K | 103 |
| HOOD | PUT | SWEEP | BULLISH | 01/20/23 | $9.00 | $45.3K | 9.5K | 875 |
Where Is Robinhood Markets Standing Right Now?
- With a volume of 7,436,513, the price of HOOD is down -1.34% at $11.76.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What The Experts Say On Robinhood Markets:
- Barclays has decided to maintain their Underweight rating on Robinhood Markets, which currently sits at a price target of $11.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Robinhood Markets, which currently sits at a price target of $12.
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.
