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HOOD

Robinhood Markets, Inc.Close $93.19EOD only
Max Pain
$81.00
Next expiry Jun 18, 2026
Expected Move
±$6.70
7.2% from close
Price Gap
-12.19
Distance to max pain
IV Rank
85
High premium
P/C OI
0.62
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
HOOD Directional Report
Analysis based on market close June 11, 2026
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Outlook

Bullish bias from strong GEX/flow alignment and pinning dynamics, but spot 9.8% above max pain limits upside near term. Cautiously bullish.

Confidence:
7.5 / 10
Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; -1 spot far from MP; -0.5 VIX 19 (risk)
Supports: Strong bullish flow, positive GEX $107.5M, broad market rally SPY+1.7% QQQ+3.38%
Conflicts: Spot 9.8% above max pain $84, gamma flip at $70, high vol regime
📈GEX +$107.5M and bullish flow aligned
⚠️Spot 9.8% above max pain $84, potential pullback
📊Broad market tailwind with strong tech gains

Regime Classification

Vol Regime
High
High IV relative to norm, driven by event risk and VIX 19.44
Gamma Regime
Pinning
Positive gamma $107.5M, pinning at $84 for 6/12 expiry, gamma flip ~$70
Flow Regime
Bullish
Bullish net premium, heavy call buying
Spot vs Max Pain
Above
Spot above $84 max pain by 9.8%, upward pressure but pin risk
Thesis duration: Event-specific — Regime centered on near-term options expiry with high gamma and bullish flow

Price Range Forecast

Next 2 days
$88.54$95.93
Upside to $95.93 resistance, pin at $84 limits
Next 1 week
$84.21$100.26
Range $84.21-$100.26; max pain $80 next week
Next 2 weeks
$81.46$103.01
Broader range $81.46-$103.01, support $80 resistance $100+

Key Levels

Max pain pins: $84 (2026-06-12); $80 (2026-06-18); $80 (2026-06-26)
EM guardrails: 2d $88.54/$95.93; 1w $84.21/$100.26
Support: $84.00 · $81.46
Resistance: $100.00 · $103.01
Gamma flip: ~$70.00 — Approx — based on put OI concentration of 15,745 (24.1% below spot)
Structural: Max pain pins $84 (6/12), $80 (6/18), $80 (6/26). EM guardrails 2d $88.54/$95.93; 1w $84.21/$100.26. Support $84, $81.46; Resistance $100, $103.01. Gamma flip ~$70 from put OI concentration.

Dealer Positioning (GEX/DEX)

GEX: $+107.5M

DEX: +57.5M shares

Gamma flip: ~$70 (Approx — based on put OI concentration of 15,745 (24.1% below spot))

NTM gamma: GEX +$107.5M, DEX +57.5M shares. Gamma flip at ~$70 (approx). Strong positive gamma supports bullish bias.

IV Analysis

IV vs VIX: Ticker IV rich relative to VIX 19.44, reflecting event risk and high vol regime

Term structure: Front-end elevated due to expiry, back-end normalizing

Skew: Put skew elevated; potential vol crush post-expiry if pin holds. Short vol opportunity.

Flow Analysis

Net premium: Net call premium $132.4M, P/C vol ratio 0.23 indicates strong bullish flow.

Directional prints: 68.8 call 93 OTM 2026-06-12 — Vol/OI 5.5x, heavy call buying for upside exposure; likely bought. 68.7 call 92 ITM 2026-06-12 — Vol/OI 3.2x, significant call buying at $92; bullish. 86.3 call 185 OTM 2026-08-21 — Vol/OI 10.6x, extreme OTM call buying for upside speculation; bought.

Unusual: 74.6 call 94 OTM 2026-06-18 — Vol/OI 11.8x, massive call buying at $94; bullish flow. 67.8 put 91 OTM 2026-06-12 — Vol/OI 9.9x, high put volume likely hedging; possibly sold. 106.6 put 55 OTM 2026-06-26 — Vol/OI 5.7x, deep OTM put with high IV; tail hedge.

Risks & Catalysts

!Spot mean reversion to max pain $84
!Gamma flip at $70 could trigger sell-off
!High vol regime persists if market drops
!Dealer hedging amplifies moves

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate-Strong
Buy 2026-08-21 $90.00/$100.00 call spread
Why now: Bullish flow alignment; risk defined.
Upside capped; time decay if no move.
Put credit spreadModerate
Sell 2026-08-21 $85.00/$80.00 put spread
Why now: Bullish sentiment; defined risk below support.
Sharp drop causes loss limited to width.
Bullish risk reversalConditional
Buy 2026-08-21 $100.00 call / sell 2026-08-21 $85.00 put
Why now: Cost-efficient bullish; lower bound from short put.
Uncapped downside if stock collapses.

Top Plays

#1
Bull Call Spread
Buy 2026-08-21 $90.00/$100.00 call spread
Captures upside if stock rallies above $90 by Aug expiry, with capped risk at $4.46.
Why this play: Defined risk, direct bullish exposure aligns with strong call flow; best for cautious bullish view.
Debit: $3.65-$4.46
Max loss: $4.46
BE: $94.46
Mgmt: Exit if spot breaks below $84 invalidation; take profit near $100 or at 50% max gain.
Traders seeking limited risk bullish play with defined profit target.
#2
Put Credit Spread
Sell 2026-08-21 $85.00/$80.00 put spread
Profits from neutral-to-bullish price action above $85, with max gain of $2.17.
Why this play: Defined risk bullish play with income, but less direct upside than HOOD-1; ranks second due to lower max gain.
Credit: $1.78-$2.17
Max loss: $2.83
BE: $82.83
Mgmt: Close early if spot nears $84 invalidation; let expire OTM for full credit.
Income-focused traders with bullish thesis expecting stock to stay above support.
#3
Bullish Risk Reversal
Buy 2026-08-21 $100.00 call / sell 2026-08-21 $85.00 put
Zero-cost setup gains from upside beyond $100, but short put adds risk if stock drops below $85.
Why this play: Unlimited upside but higher risk; less suitable given cautious near-term outlook and spot above max pain.
Debit: $1.17-$1.43
Max loss: $85.00
BE: $85.00
Mgmt: Monitor short put risk; roll down if spot falls to $84; take profit on call leg at target.
Aggressive traders with strong conviction in significant upside move and tolerance for risk.

Watchlist Triggers

Entry Triggers
IFIF HOOD holds above $84 support → THEN enter HOOD-1 Bull Call Spread (90/100) for $3.65-$4.46 debit
IFIF HOOD stays above $85 → THEN sell HOOD-2 Put Credit Spread (85/80) for $1.78-$2.17 credit
Exit Triggers
EXITIF HOOD breaks below $84 invalidation → THEN exit HOOD-1 Bull Call Spread
EXITIF HOOD nears $84 → THEN close HOOD-2 Put Credit Spread

Tactical Summary

Bullish bias from strong flow; spot above $84 max pain caps near-term upside. Key support $84, resistance $100. Prefer defined-risk bullish plays: Bull Call Spread (HOOD-1) or Put Credit Spread (HOOD-2). Invalidation at $84.
How to Use These Reports
This directional reflects the market close on June 11, 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.

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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.