Home Options HOODReports

HOOD

Robinhood Markets, Inc.Close $88.33EOD only

Max Pain

$82.00

Next expiry Jun 5, 2026

Expected Move

±$2.97

3.4% from close

Price Gap

-6.33

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.63

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 4, 2026 close

End-of-day snapshot

This page reflects HOOD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 4, 2026 close

HOOD Directional Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Outlook

HOOD is in a pinning regime with bullish flow and positive dealer gamma, supporting a drift toward $86 resistance. Key risk: gamma flip at $75 if tech selloff deepens.

Confidence:

9 / 10

Base 5 regime, +2 GEX/flow alignment, +1 positive gamma, +1 spot at MP, +0.5 VIX tailwind = 9.

Supports: Bullish flow, +$42.4M GEX, spot near MP, VIX above 20.
Conflicts: QQQ -4.8% tech selloff; IV compression risk; gamma flip at $75.

🟢GEX +$42.4M pinning at $82 MP; 0.6% from spot.

⚠️Gamma flip near $75 (19% down) poses tail risk.

📈Bullish flow and VIX above 20 favor premium capture.

Regime Classification

Vol Regime

High

IV elevated vs typical (VIX ~21.5, HOOD IV 2x+ historical range).

Gamma Regime

Pinning

GEX +$42.4M, pinning at $82 MP (spot $82.49, 0.6% away). Gamma flip near $75.

Flow Regime

Bullish

Net premium positive, call-heavy flow, bullish bias.

Spot vs Max Pain

Spot within 0.6% of $82 MP, pinning regime active.

Thesis duration: Multi-week — Pinning and dealer gamma extend beyond weekly expiry; price ranges indicate 2-week structure.

Price Range Forecast

Next 1 week

$75.67$89.27

Supported by bullish flow and MP pinning.

Next 2 weeks

$73.15$91.80

Range wider, gamma flip risk at $75 caps downside.

Key Levels

Max pain pins: $82 (2026-06-05); $83 (2026-06-12); $79 (2026-06-18)

EM guardrails: 1w $75.67/$89.27

Support: $82.00 · $75.00 · $73.15

Resistance: $86.00 · $90.00 · $91.80

Gamma flip: ~$75.00 — Approx — based on put OI concentration of 15,772 (9.1% below spot)

Structural: MP $82 (Jun5), $83 (Jun12), $79 (Jun18); support $82/$75/$73.15; resistance $86/$90/$91.8; gamma flip ~$75.

Dealer Positioning (GEX/DEX)

GEX: $+42.4M

DEX: +51.2M shares

Gamma flip: ~$75 (Approx — based on put OI concentration of 15,772 (9.1% below spot))

NTM gamma: GEX +$42.4M positive; gamma flip ~$75 (19% below spot); DEX +51.2M shares net long.

IV Analysis

IV vs VIX: HOOD IV rich vs VIX (21.5) indicating elevated vol premium; could compress if spot stabilizes.

Term structure: Backwardated, with largest open interest at June 5 weeklies, suggesting event-driven pinning.

Skew: Skew elevated, puts expensive; consider bear put spreads if break below $75, but current bullish lean favors call spreads.

Flow Analysis

Net premium: Net call premium of $28.7M with P/C vol ratio 0.41 indicates strong bullish flow.

Directional prints: 67 call 85 OTM 2026-07-10 — 1574 vol vs 150 OI (10.5x); likely bought for bullish Jul exposure. 69.9 call 90 OTM 2026-06-12 — 18126 vol vs 5339 OI (3.4x); aggressive call buying targeting upside. 69.1 call 86 OTM 2026-06-12 — 5959 vol vs 1184 OI (5.0x); strong call accumulation, bullish bet.

Unusual: 119.5 put 55 OTM 2026-06-12 — 16035 vol vs 1641 OI (9.8x); deep OTM put, cheap hedge or tail risk. 67 call 85 OTM 2026-07-10 — 1574 vol vs 150 OI (10.5x); unusual high relative volume, likely bullish. 25.4 call 82 ITM 2026-06-05 — 13267 vol vs 1457 OI (9.1x); expiring today, likely closing/rolling.

Risks & Catalysts

!Break below $75 triggers dealer flip selling.

!IV compression if tech recovery fails.

!QQQ -4.8% tech selloff broadens to HOOD.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-07-10 $80.00/$86.00 call spread Why now: Defined-risk upside capture in pinning regime.	Max loss limited to debit; fails below $80.
Put credit spread	Moderate	Sell 2026-07-10 $73.00/$72.00 put spread Why now: High-probability credit capture below support.	Max loss if HOOD breaks below $73.
Bullish risk reversal	Moderate-Weak	Buy 2026-07-17 $85.00 call / sell 2026-07-17 $75.00 put Why now: Beneficial for bullish drift with limited cost.	Unlimited downside if stock crashes below $75.

Top Plays

Bull Call Spread

Buy 2026-07-10 $80.00/$86.00 call spread

Buy $80/$86 call spread for upside capture

Why this play: Best risk/reward for bullish pinning to $86

Debit: $2.50-$3.05

Max loss: $3.05

BE: $83.05

Mgmt: Exit near $86 or below $82

Defined risk exposure to upside

Bullish Risk Reversal

Buy 2026-07-17 $85.00 call / sell 2026-07-17 $75.00 put

Buy call, sell put for leveraged long

Why this play: Unlimited upside at low cost for bullish drift

Debit: $2.16-$2.64

Max loss: $75.00

BE: $75.00

Mgmt: Roll or close below $75

Aggressive traders with margin

Put Credit Spread

Sell 2026-07-10 $73.00/$72.00 put spread

Sell put spread below support

Why this play: High probability neutral-bullish income

Credit: $0.27-$0.34

Max loss: $0.66

BE: $72.66

Mgmt: Close early if price near $73

Income-focused traders

Watchlist Triggers

Entry Triggers

IFIF HOOD holds above $82 support → THEN enter bull call spread: buy 2026-07-10 $80/$86 call spread

IFIF HOOD remains above $75 support → THEN enter put credit spread: sell 2026-07-10 $73/$72 put spread

IFIF HOOD holds above $82 → THEN enter bullish risk reversal: buy 2026-07-17 $85 call / sell $75 put

Adjustment Triggers

ADJIF HOOD approaches $86 resistance → THEN take partial profit on bull call spread

Exit Triggers

EXITIF HOOD breaks below $82 → THEN exit bull call spread

EXITIF HOOD breaks below $82 → THEN exit put credit spread

EXITIF HOOD breaks below $75 gamma flip → THEN exit risk reversal

Tactical Summary

HOOD in pinning regime with bullish flow, targeting $86 resistance. Gamma flip risk at $75. Recommended: bull call spread $80/$86. Alternatives: risk reversal or put credit spread. Invalidation for all: break below $82 support.

How to Use These Reports

This directional reflects the market close on June 5, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.