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HOOD

Robinhood Markets, Inc.Close $98.12EOD only

Max Pain

$84.00

Next expiry Jun 18, 2026

Expected Move

±$5.38

5.5% from close

Price Gap

-14.12

Distance to max pain

IV Rank

High premium

P/C OI

0.64

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

HOOD Directional Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish near-term. GEX/flow aligned, positive gamma, dealer long delta. Spot above support; resistance at $100, distance from max pain caution.

Confidence:

8 / 10

Base 8.0: +2 GEX/flow, +1 GEX positive, -1 spot 13.8% from MP, +1 VIX 16.

Supports: Bullish flow, +$91.9M GEX, dealer long delta, support at 85.91.
Conflicts: Spot far from MP, resistance at 100, high IV, gamma flip at 70.

🟢Dealer gamma pinning supports bullish bias.

🛡️Spot above gamma flip ($70) provides buffer.

⚠️Resistance at $100 could stall rally.

Regime Classification

Vol Regime

High

IV high vs recent range, event premium.

Gamma Regime

Pinning

GEX +$91.9M, strong pinning.

Flow Regime

Bullish

Net bullish, call buying dominates.

Spot vs Max Pain

Above

Spot above max pain ($85), bullish but reversion risk.

Thesis duration: Event-specific — June 18/26 expiries define horizon.

Price Range Forecast

Next 2 days

$92.16$101.26

Support 92.16, resistance 101.26.

Next 1 week

$88.28$105.13

Range 88.28-105.13, gamma support.

Next 2 weeks

$85.91$107.51

Range 85.91-107.51, trend up.

Key Levels

Max pain pins: $85 (2026-06-18); $87 (2026-06-26); $83 (2026-07-02)

EM guardrails: 2d $92.16/$101.26; 1w $88.28/$105.13

Support: $85.91

Resistance: $100.00 · $105.00 · $107.51

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 16,243 (27.6% below spot)

Structural: Support 85.91, resistance 100/105/107.51. Gamma flip 70.

Dealer Positioning (GEX/DEX)

GEX: $+91.9M

DEX: +56.0M shares

Gamma flip: ~$70 (Approx — based on put OI concentration of 16,243 (27.6% below spot))

NTM gamma: Dealers long gamma (+$91.9M), long delta (+56M). Flip ~$70.

IV Analysis

IV vs VIX: IV elevated vs VIX (~16), rich premiums.

Term structure: Upward sloping, event premium peaks.

Skew: Put skew present; consider selling put spreads.

Flow Analysis

Net premium: Net premium positive $51.8M, put/call vol ratio 0.37 indicates heavy call buying.

Directional prints: 66 call 101 OTM 2026-06-18 — High volume 6,167 vs OI 2,780; bought or sold? Likely bought given call skew. Bullish. 68.9 call 104 OTM 2026-06-18 — Volume 3,984 vs OI 806; bought. Bullish OTM call. 62.7 call 99 OTM 2026-06-26 — Volume 3,266 vs OI 1,430; bought. Bullish.

Unusual: 64.5 put 97 ITM 2026-06-18 — Vol/OI 9.5; high activity on OTM put; likely sold premium or hedging. 65.6 put 96 OTM 2026-06-18 — Vol/OI 5.6; unusual put activity; possibly bearish hedge. 68.9 call 104 OTM 2026-06-18 — Vol/OI 4.9; high IV call; aggressive bullish bet.

Risks & Catalysts

!Drop to gamma flip ($70) on catalyst.

!IV compression post-expiry.

!Resistance at $100 leads to mean reversion to $85.

!Broader selloff drags HOOD.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-08-21 $100.00/$120.00 call spread Why now: Heavy call flow and bullish GEX support; resistance at $100, spread limits cost	Capped upside; earnings miss or IV compression hurt
Put credit spread	Moderate	Sell 2026-08-21 $85.00/$80.00 put spread Why now: Support at $87; selling put spread at $90/$87 collects premium, limits downside	Max loss if stock drops below $87; tail risk from catalyst
Bullish risk reversal	Moderate-Strong	Buy 2026-08-21 $100.00 call / sell 2026-08-21 $85.00 put Why now: Call buying activity and bullish skew; risk reversal captures upside, subsidized cost	Uncapped downside if stock collapses; put assignment risk

Top Plays

Bull Call Spread

Buy 2026-08-21 $100.00/$120.00 call spread

Buy $100/$120 call spread for cheap upside, capped profit.

Why this play: Direct bullish bet with limited risk, aligned with heavy call flow and bullish GEX.

Debit: $5.13-$6.27

Max loss: $6.27

BE: $106.27

Mgmt: Exit near trend resistance or at 50% loss.

Traders wanting capped risk before earnings.

Bullish Risk Reversal

Buy 2026-08-21 $100.00 call / sell 2026-08-21 $85.00 put

Buy $100 call, sell $85 put for unlimited upside with defined downside.

Why this play: Captures upside with subsidized cost; fits aggressive bullish view.

Debit: $3.89-$4.76

Max loss: $85.00

BE: $85.00

Mgmt: Monitor support; roll or close if price drops below $85.

Aggressive traders expecting strong breakout.

Put Credit Spread

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

Sell $85/$80 put spread to profit from support holding.

Why this play: Defensive bullish play; collects premium but less upside than calls.

Credit: $1.35-$1.65

Max loss: $3.35

BE: $83.35

Mgmt: Close early if price approaches $85 support.

Conservative traders seeking income with moderate bullish view.

Watchlist Triggers

Entry Triggers

IFPrice breaks above $100 with volume → Buy HOOD_001: $100/$120 bull call spread

IFPrice holds above $85.91 support for >1 day → Enter HOOD_002: sell $85/$80 put spread

Exit Triggers

EXITPrice closes below $85.91 → Close all bullish positions (HOOD_001, HOOD_002, HOOD_003)

Tactical Summary

Bullish near-term, support 85.91, resistance 100. Favor HOOD_001 for capped upside, HOOD_002 for income. Invalidate all if support breaks.

How to Use These Reports

This directional reflects the market close on June 16, 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.