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HOOD

Robinhood Markets, Inc.Close $82.47EOD only

Max Pain

$83.00

Next expiry Jun 12, 2026

Expected Move

±$6.80

8.3% from close

Price Gap

+0.53

Distance to max pain

IV Rank

High premium

P/C OI

0.60

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 5, 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 5, 2026 close

HOOD Directional Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish thesis driven by strong bullish flow, positive dealer gamma pinning near $83, and spot above max pain. High vol suggests continued momentum, but resistance at $90 and gamma flip at $70 pose risks. Confidence high (8.5/10) due to alignment of GEX and flow.

Confidence:

8.5 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive (pinning); +0.5 VIX 19, yielding 8.5.

Supports: Bullish flow, positive gamma, spot above max pain, high vol environment.
Conflicts: Resistance at $90, gamma flip at $70, potential profit-taking.

📈Strong GEX +$58.2M and DEX +50.2M shares signal dealer long gamma, pinning near $83.

⚠️Key resistance at $90; breakout above could accelerate to $93-95.

📊High vol and term structure steep, favoring long vol strategies near support.

Regime Classification

Vol Regime

High

High IV, elevated vs VIX (18.9), suggesting rich options pricing and expected large moves.

Gamma Regime

Pinning

Positive gamma environment with $+58.2M GEX, pinning near $83 max pain. Flip risk at ~$70.

Flow Regime

Bullish

Bullish flow with aggressive call buying, net premium positive.

Spot vs Max Pain

Above

Spot above max pain ($83), indicating bullish sentiment and potential upward drift.

Thesis duration: Multi-week — Multiple expiry pins ($83 6/12, $79 6/18, $80 6/26) and broad dealer positioning suggest a multi-week bullish bias.

Price Range Forecast

Next 1 week

$76.84$93.24

Supported by gamma pinning and flow; resistance at $90.

Next 2 weeks

$74.84$95.24

Range expands; upside to $95 but risk of gamma flip at $70.

Key Levels

Max pain pins: $83 (2026-06-12); $79 (2026-06-18); $80 (2026-06-26)

EM guardrails: 1w $76.84/$93.24

Support: $83.00 · $74.84

Resistance: $90.00 · $95.24

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 15,721 (17.7% below spot)

Structural: Support: $83 (max pain), $74.84 (1w low). Resistance: $90 (prior), $93-95 (range highs). Gamma flip at ~$70.

Dealer Positioning (GEX/DEX)

GEX: $+58.2M

DEX: +50.2M shares

Gamma flip: ~$70 (Approx — based on put OI concentration of 15,721 (17.7% below spot))

NTM gamma: Dealers long gamma ($+58.2M) and long delta (+50.2M shares), pinning near $83. Flip risk at $70 from put concentration.

IV Analysis

IV vs VIX: Ticker IV rich vs VIX, reflecting high vol regime and event-driven premium.

Term structure: Term structure upward-sloping with kinks near weekly expiries; front-end elevated.

Skew: Put skew elevated; consider sell puts at $70 support or buy calls for upside.

Flow Analysis

Net premium: Net bullish premium ~$40.3M, P/C vol ratio 0.32, call-heavy flow.

Directional prints: 71.6 call 90 OTM 2026-06-12 — Vol/OI 2.7, massive 28K volume; new bullish buying, likely aggressive upside bet. 71.5 call 86 OTM 2026-06-12 — Vol/OI 2.4, 9.9K vol; new call buying, bullish sentiment. 71.9 call 85 ITM 2026-06-12 — Vol/OI 1.9, 10.9K vol; continued call accumulation, bullish.

Unusual: 68.5 put 86 ITM 2026-06-18 — Highest vol/OI 5.5, new put buying; bearish hedge or speculative, could be sold if resistance holds. 76.7 call 96 OTM 2026-06-12 — Vol/OI 2.8, OTM call; new bullish lottery buying, high IV. 72 put 82 OTM 2026-06-12 — Vol/OI 2.5, new put buying; bearish or hedging flow.

Risks & Catalysts

!Spot breaks below $83 support, invalidating pinning.

!Gamma flip at $70 triggers dealer hedging, accelerating downside.

!Profit-taking after strong rally or broader market pullback.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-08-21 $90.00/$95.00 call spread Why now: Defined-risk upside capture using 85/90 call spread; aligns with bullish bias and earnings follow-through.	If stock fails to rally above $85 or declines, premium lost.
Put credit spread	Moderate-Strong	Sell 2026-08-21 $85.00/$80.00 put spread Why now: High IV and bullish flow; selling 80/76 put spread benefits from time decay and pinning above $80.	Sharp drop below $80 could cause losses; max loss limited.
Cash-secured put	Moderate	Sell 2026-08-21 $85.00 cash-secured put Why now: Strong support near $80; earnings catalyst could push higher; cash-secured put yields premium while waiting.	Stock could fall below $80, leading to assignment at higher than market price.

Top Plays

Bull Call Spread

Buy 2026-08-21 $90.00/$95.00 call spread

Buy 90/95 call spread for leveraged upside with capped loss.

Why this play: Defined-risk upside play aligning with bullish thesis and high IV.

Debit: $1.51-$1.84

Max loss: $1.84

BE: $91.84

Mgmt: Exit at 50% of max gain or if spot drops below $83.

Aggressive traders seeking leveraged upside with limited risk.

Put Credit Spread

Sell 2026-08-21 $85.00/$80.00 put spread

Sell 85/80 put spread to collect premium with defined risk.

Why this play: High IV premium collection with bull bias; time decay favors.

Credit: $2.39-$2.92

Max loss: $2.08

BE: $82.08

Mgmt: Close at 50% max profit or roll if spot nears short strike.

Income-focused traders with a bullish outlook.

Cash-Secured Put

Sell 2026-08-21 $85.00 cash-secured put

Sell 85 put to collect premium, potentially acquire shares at discount.

Why this play: Simple premium collection on strong support; suitable for longer-term.

Credit: $9.61-$11.74

Max loss: $73.26

BE: $73.26

Mgmt: Roll if spot drops below $80 or close early for partial profit.

Traders willing to hold shares on assignment.

Watchlist Triggers

Entry Triggers

IFHOOD closes above $85 → Buy 2026-08-21 $90.00/$95.00 call spread

IFHOOD holds above $84 for two days → Sell 2026-08-21 $85.00/$80.00 put spread

Adjustment Triggers

ADJHOOD reaches $90 and stalls → Take partial profit on 90/95 call spread

Exit Triggers

EXITHOOD closes below $83 → Exit all bullish positions

Tactical Summary

Bullish bias; support at $83, resistance $90. Enter 90/95 call spread or 85/80 put spread on strength above $85. Invalidation below $83; manage profit near $90. Multi-week hold to earnings July 29.

How to Use These Reports

This directional reflects the market close on June 8, 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.