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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 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

HOOD exhibits strong bullish dealer positioning with +$76.7M GEX and bullish flow, suggesting pinning and upward bias near max pain $83. High vol regime (VIX 22.22) and negative market context (SPY -1.58%) introduce risk, but thesis leans bullish for the next 2 days targeting $83-$91.

Confidence:

7.5 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; -0.5 spot 4% above MP. Overall 7.5 reflects strong alignment with minor spot disconnection.

Supports: GEX +$76.7M, bullish flow, pinning regime, spot above MP.
Conflicts: Spot 4% above MP, high vol regime, VIX 22.22, negative broad market.

📈Bullish Dealer Gamma: +$76.7M GEX and bullish flow, strong upward pinning.

⚠️Spot Above MP: 4% above max pain reduces pinning confidence.

📊High Vol Risk: VIX 22.22 and high vol regime increase sharp move probability.

Regime Classification

Vol Regime

High

IV elevated vs VIX (22.22) and typical range, reflecting heightened uncertainty.

Gamma Regime

Pinning

GEX +$76.7M positive gamma with spot between key strikes, likely pinning near $83-$90.

Flow Regime

Bullish

Net premium bullish; put/call ratio indicates strong call buying.

Spot vs Max Pain

Above

Spot ~$83 is 4% above max pain $83 (Jun12), suggesting upward momentum but possible pullback.

Thesis duration: Event-specific — Upcoming op-ex Jun12 with max pain $83 and gamma flip $70; high vol regime supports event-driven move.

Price Range Forecast

Next 2 days

$81.43$91.30

Pinning near $83-$91 supported by GEX and flow.

Next 1 week

$78.19$94.54

Wider range $78-$94, vol risk increases.

Next 2 weeks

$75.69$97.04

Event uncertainty fades, potential mean reversion.

Key Levels

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

EM guardrails: 2d $81.43/$91.30; 1w $78.19/$94.54

Support: $83.00 · $75.69

Resistance: $90.00 · $97.04

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 15,818 (18.9% below spot)

Structural: Support: 83, 75.69; Resistance: 90, 97.04; Gamma flip: ~$70; Max pain pins: $83 (Jun12), $80 (Jun18), $80 (Jun26); EM guardrails: 2d $81.43/$91.30, 1w $78.19/$94.54.

Dealer Positioning (GEX/DEX)

GEX: $+76.7M

DEX: +52.5M shares

Gamma flip: ~$70 (Approx — based on put OI concentration of 15,818 (18.9% below spot))

NTM gamma: Dealer gamma +$76.7M, positive with flip at ~$70. Net delta +52.5M shares long, indicating dealer hedging upward.

IV Analysis

IV vs VIX: HOOD IV elevated above VIX (22.22), implying rich premium; volatility risk premium favors sellers.

Term structure: Slight contango with event kink at Jun12 expiry; front-end elevated, back-end normalizing.

Skew: Put skew elevated near $75, call skew rich; consider selling put spreads at support $75.69 to capture high vol premium.

Flow Analysis

Net premium: Net premium $72.6M, P/C vol ratio 0.24, strongly call-skewed bullish flow.

Directional prints: 77.5 put 89 ITM 2026-06-12 — Vol/OI 23.2x, high; likely bought puts, bearish or hedging. Preferred: bought. 75.9 call 92 OTM 2026-06-18 — Vol/OI 20.1x, high; likely bought calls, bullish. Preferred: bought. 78.3 put 88 ITM 2026-06-12 — Vol/OI 16.5x; likely bought puts, bearish. Preferred: bought.

Unusual: 79.1 put 86 OTM 2026-06-12 — Vol/OI 9.1x, notable; likely bought puts, bearish or hedging. Preferred: bought. 99.6 call 106 OTM 2026-06-12 — Vol/OI 10.6x, speculative OTM call; likely bought, bullish. Preferred: bought. 101.6 call 104 OTM 2026-06-12 — Vol/OI 9.8x, similar OTM call; likely bought, bullish. Preferred: bought.

Risks & Catalysts

!High vol regime could trigger sharp reversal if market weakens further.

!Spot 4% above max pain reduces pinning certainty.

!Negative broad market context (SPY/QQQ down) adds bearish risk.

!Gamma flip at ~$70 could accelerate selling if breached.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-06-12 $83.00/$90.00 call spread Why now: Defined risk, leverage upside within range	Max loss if spot falls below long strike Substitutions: long_call: resolved contract 2025-04-11 $83.00 missing; used 2026-06-12 $83.00.; short_call: resolved contract 2025-04-11 $90.00 missing; used 2026-06-12 $90.00.
Put credit spread	Moderate	Sell 2026-06-12 $80.00/$77.00 put spread Why now: Collect premium with defined risk, fits bullish bias	Max loss if spot below short strike Substitutions: short_put: resolved contract 2025-04-11 $80.00 missing; used 2026-06-12 $80.00.; long_put: resolved contract 2025-04-11 $77.00 missing; used 2026-06-12 $77.00.
Cash-secured put	Moderate-Weak	Sell 2026-06-12 $80.00 cash-secured put Why now: Collect premium, willing to buy at discount	Assignment risk if spot falls below strike Substitutions: short_put: resolved contract 2025-04-11 $80.00 missing; used 2026-06-12 $80.00.
Bullish risk reversal	Conditional	Buy 2026-06-12 $90.00 call / sell 2026-06-12 $80.00 put Why now: Upside exposure financed by put, benefits from momentum	Downside risk from naked put if spot falls below strike Substitutions: long_call: resolved contract 2025-04-11 $90.00 missing; used 2026-06-12 $90.00.; short_put: resolved contract 2025-04-11 $80.00 missing; used 2026-06-12 $80.00.

Top Plays

Bull Call Spread

Buy 2026-06-12 $83.00/$90.00 call spread

Buy $83/$90 call spread to capture bullish move with limited cost.

Why this play: Defined risk, leverage on upside within $83-$90 range.

Debit: $3.12-$3.82

Max loss: $3.82

BE: $86.82

Mgmt: Exit at 50% gain or near expiration; stop if below $83.

Traders seeking capped risk and upside participation.

Put Credit Spread

Sell 2026-06-12 $80.00/$77.00 put spread

Sell $80/$77 put spread to earn credit while staying above $80.

Why this play: Collects premium with defined risk, aligns with bullish bias.

Credit: $0.29-$0.36

Max loss: $2.64

BE: $79.64

Mgmt: Close at 50% max profit; defend if spot nears $80.

Income-focused traders with moderate bullish outlook.

Bullish Risk Reversal

Buy 2026-06-12 $90.00 call / sell 2026-06-12 $80.00 put

Buy $90 call, sell $80 put to benefit from upward thrust.

Why this play: Unlimited upside financed by put sale, suits momentum.

Debit: $0.55-$0.67

Max loss: $80.00

BE: $80.00

Mgmt: Adjust if spot breaches $83; take profits on call.

Aggressive traders expecting strong move above $90.

Watchlist Triggers

Entry Triggers

IFIF HOOD holds above $83 support with bullish volume in next 2 days → Enter bull call spread: buy Jun12 $83/$90 call spread (target entry $3.12-$3.82)

IFIF HOOD pulls back to $80 or consolidates above $83 with low volatility → Enter put credit spread: sell Jun12 $80/$77 put spread (collect $0.29-$0.36)

Exit Triggers

EXITIF HOOD breaks below $83 with conviction → Close all bullish positions: exit bull call spread, put credit spread, or risk reversal

Tactical Summary

Bullish next 2 days targeting $83-$91. Entry on support hold or pullback; prefer bull call spread for upside, put credit spread for income. Exit on break below $83. Manage take-profits near $90 resistance.

How to Use These Reports

This directional reflects the market close on June 10, 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.