Home Options HOODReports

HOOD

Robinhood Markets, Inc.Close $83.77EOD only

Max Pain

$83.00

Next expiry Jun 12, 2026

Expected Move

±$5.20

6.2% from close

Price Gap

-0.77

Distance to max pain

IV Rank

High premium

P/C OI

0.65

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 9, 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 9, 2026 close

HOOD Directional Report

Analysis based on market close June 9, 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 dealer long gamma (+$56.7M GEX) and bullish flow, with spot near max pain $83 pinning. High IV vs VIX ~20 supports premium selling but upside bias remains near-term. Resistance at $90, gamma flip at $70 are key risks.

Confidence:

9 / 10

Base 5.0; +2 GEX/flow aligned; +1 GEX positive pinning; +1 spot 0.9% from MP; +0.5 VIX 20 supporting vol.

Supports: Dealer long gamma $56.7M, bullish flow, spot near max pain, VIX supportive.
Conflicts: Resistance $90/$93.92, gamma flip $70, vol contraction risk.

📈Dealer GEX +$56.7M signals strong long gamma pinning near $83.

🎯Spot at $83.63 just 0.9% from $83 MP for 06/12 expiry.

⚠️Gamma flip at ~$70 poses downside risk if bearish catalyst hits.

Regime Classification

Vol Regime

High

IV elevated relative to VIX~20, typical of high vol ahead of event.

Gamma Regime

Pinning

GEX +$56.7M, strong long gamma pinning near $83; flip at $70.

Flow Regime

Bullish

Bullish net premium flow with positive dealer positioning.

Spot vs Max Pain

Spot $83.63 vs $83 MP for 06/12, within pinning range.

Thesis duration: Event-specific — High IV, bullish flow, gamma pinning near MP suggest event-driven dynamics (e.g., earnings or OPEX).

Price Range Forecast

Next 2 days

$78.57$88.97

Gamma pinning may hold spot near $83; upside to $88.97 if momentum continues.

Next 1 week

$75.82$91.72

Gamma flip far below at $70; bias to test $91.72 resistance.

Next 2 weeks

$73.62$93.92

Extended upside to $93.92 possible; monitor flip risk if spot declines.

Key Levels

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

EM guardrails: 2d $78.57/$88.97; 1w $75.82/$91.72

Support: $83.00 · $73.62

Resistance: $90.00 · $93.92

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 15,934 (16.4% below spot)

Structural: Max pain: $83 (06/12), $80 (06/18), $80 (06/26). Support: $83 near-term, $73.62 structural. Resistance: $90 near-term, $93.92 2-week high. Gamma flip ~$70.

Dealer Positioning (GEX/DEX)

GEX: $+56.7M

DEX: +50.1M shares

Gamma flip: ~$70 (Approx — based on put OI concentration of 15,934 (16.4% below spot))

NTM gamma: Dealer long gamma +$56.7M, DEX +50.1M shares. Gamma flip at ~$70 based on put OI concentration (15,934 contracts).

IV Analysis

IV vs VIX: IV rich vs VIX~20, indicating elevated vol premium. Favor premium selling if thesis holds.

Term structure: Likely backwardated near event; check front-end kinks for expiry specifics.

Skew: Put skew elevated; consider put credit spreads near support to collect premium.

Flow Analysis

Net premium: Net premium +$46.8M, put/call vol ratio 0.26, strong call bias.

Directional prints: 68.8 call 82 ITM 2026-07-10 — Vol 619 vs OI 129 (ratio 4.8), likely bought. Bullish flow. 74.3 call 90 OTM 2026-06-12 — Vol 25550 vs OI 13522 (ratio 1.9), large volume. Bullish sentiment. 74.9 call 92 OTM 2026-06-12 — Vol 4926 vs OI 2650 (ratio 1.9), bullish addition.

Unusual: 324.2 call 30 ITM 2026-06-18 — Deep ITM call with extreme IV 324%, vol/OI 1.8, unusual anomaly. 68.8 call 82 ITM 2026-07-10 — Vol/OI 4.8, highest ratio, unusual call activity. 76.2 put 81 OTM 2026-06-12 — Vol/OI 3.2, high put activity despite bullish net flow.

Risks & Catalysts

!Gamma flip at $70 if bearish catalyst drives spot lower.

!Volatility decay if VIX reverts below 20.

!Resistance at $90 may cap upside near-term.

!Negative event surprise (e.g., earnings miss).

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-08-21 $80.00/$90.00 call spread Why now: Defined-risk debit spread captures upside with limited cost; expiration after earnings.	Resistance at $90 caps upside; earnings miss could hurt.
Put credit spread	Moderate	Sell 2026-08-21 $75.00/$70.00 put spread Why now: High IV supports premium collection; defined risk below $70.	Gamma flip at $70 if bearish catalyst; vol expansion.
Bullish risk reversal	Moderate-Strong	Buy 2026-08-21 $90.00 call / sell 2026-08-21 $75.00 put Why now: Flows show strong call buying; owns upside with limited cost.	Unlimited downside on short put below $75; margin intensive.
Call diagonal	Moderate	Sell 2026-07-17 $90.00 call / buy 2026-08-21 $85.00 call Why now: High near-term IV (68-70%) vs back-month; vol crush play with directional bias.	Short call assignment risk if spot spikes before expiration; long call theta decay.

Top Plays

Bull Call Spread

Buy 2026-08-21 $80.00/$90.00 call spread

Buy $80/$90 call spread expiring after earnings, capturing upside with limited cost.

Why this play: Best aligns with bullish bias and defined risk near resistance.

Debit: $3.94-$4.81

Max loss: $4.81

BE: $84.81

Mgmt: Exit if spot closes below $83 (invalidation level) or near resistance $90.

Traders seeking defined risk exposure to upside.

Call Diagonal

Sell 2026-07-17 $90.00 call / buy 2026-08-21 $85.00 call

Sell near-term $90 call, buy back-month $85 call to finance long delta exposure.

Why this play: Leverages high near-term IV and volatility crush while maintaining directional upside.

Debit: $5.02-$6.13

Max loss: $6.13

BE: Path-dependent

Mgmt: Roll short call if spot approaches $90 before expiry; adjust if earnings catalysts shift.

Traders expecting theta decay on short leg and upside drift.

Put Credit Spread

Sell 2026-08-21 $75.00/$70.00 put spread

Sell $75/$70 put spread, profiting if HOOD stays above $75.

Why this play: Collects premium from high IV with defined risk below key support.

Credit: $1.69-$2.06

Max loss: $2.94

BE: $72.94

Mgmt: Close if spot drops near $75 or IV spikes due to bearish news.

Conservative traders seeking income with downside protection.

Watchlist Triggers

Entry Triggers

IFIF HOOD holds above $83 support and bullish bias persists → THEN enter Bull Call Spread (buy $80/$90 call spread)

IFIF HOOD pulls back to $75 support with stable IV → THEN enter Put Credit Spread (sell $75/$70 put spread) for income

Adjustment Triggers

ADJIF HOOD approaches $90 resistance before July expiry → THEN roll short leg of Call Diagonal from $90 to higher strike to manage risk

Exit Triggers

EXITIF HOOD closes below $83 invalidation level → THEN exit all bullish positions (Bull Call Spread, Call Diagonal)

Tactical Summary

Bullish near-term: hold $83 support, target $90 resistance. Execute Bull Call Spread for defined upside, Call Diagonal for vol crush, Put Credit Spread for income at $75. Exit all if spot < $83.

How to Use These Reports

This directional reflects the market close on June 9, 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.