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HOOD

Robinhood Markets, Inc.Close $108.15EOD only
Max Pain
$97.00
Next expiry Jun 26, 2026
Expected Move
±$8.35
7.7% from close
Price Gap
-11.15
Distance to max pain
IV Rank
100
High premium
P/C OI
0.68
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
HOOD Directional Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias with high confidence driven by strong GEX/flow alignment and positive gamma pinning near $110 resistance. Spot above max pain suggests upward drift toward $110-$116.5 within the week, but 21.5% distance from MP and high vol warrant caution.

Confidence:
8 / 10
Base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 21.5% from MP; +1 VIX 16. Total 8/10.
Supports: Current spot $108, GEX $107.7M positive, bullish flow, spot above max pain, VIX 16 supportive.
Conflicts: Spot 21.5% from MP, high vol increases tail risk.
📈GEX $107.7M positive, pinning near $110
⚠️Spot 21.5% above max pain ($89), wide gap
💰Bullish flow with net long premium

Regime Classification

Vol Regime
High
High IV vs typical; VIX 16.4 contributes, sector tech rally (QQQ +2.5%) fuels volatility.
Gamma Regime
Pinning
Positive gamma at $107.7M GEX, pinning near $110 resistance; no gamma flip within 30% of spot.
Flow Regime
Bullish
Bullish flow with net long premium, call-heavy positioning.
Spot vs Max Pain
Above
Spot $108 is 21.5% above max pain $89 (6/18), reducing pinning pull.
Thesis duration: Event-specific — Convergence of high vol, positive gamma, and bullish flow near weekly expiration creates event-specific pinning dynamics.

Price Range Forecast

Next 1 week
$99.80$116.50
Range $99.80-$116.50, resistance at $110 and $116.50, support $99.80.
Next 2 weeks
$96.65$119.65
Range $96.65-$119.65, broader support at $96.65.

Key Levels

Max pain pins: $89 (2026-06-18); $97 (2026-06-26); $87 (2026-07-02)
EM guardrails: 1w $99.80/$116.50
Support: $96.65
Resistance: $110.00 · $119.65
Structural: Max pain pins: $89 (6/18), $97 (6/26), $87 (7/2). EM guardrails: 1w $99.80/$116.50. Support $96.65, resistance $110 and $119.65. No gamma flip. Current spot $108.

Dealer Positioning (GEX/DEX)

GEX: $+107.7M

DEX: +69.2M shares

Gamma flip: N/A

NTM gamma: GEX $+107.7M, DEX +69.2M shares, gamma flip N/A. Positive gamma with no flip risk.

IV Analysis

IV vs VIX: IV rich vs VIX 16.4, typical for high vol regime; may contract post-expiry.

Term structure: Term structure not provided; likely front-end elevated given event-specific focus.

Skew: Skew suggests put premium elevated; potential vol sell if pinning holds.

Flow Analysis

Net premium: Net premium $186M bullish, P/C vol ratio 0.37 heavily call-skewed.

Directional prints: 35.4 call 107 ITM 2026-06-18 — Vol/OI 16.1, OI 1924; heavy new buying preferred. 9.6 call 108 ITM 2026-06-18 — Vol/OI 11.6, OI 2233, low IV; likely bought calls. 39.2 call 106 ITM 2026-06-18 — Vol/OI 8.7, OI 2652; steady accumulation.

Unusual: 495.7 call 73 ITM 2026-06-18 — Vol/OI 10.5, extreme IV 495.7%; ITM call, highly unusual. 67.7 put 90 OTM 2026-07-24 — Vol/OI 16.6, OI 144; OTM put volume spike, bearish hedge.

Risks & Catalysts

!Risk of sharp move if spot breaks below $99.80 support.
!High IV may lead to rapid premium decay.
!Expiration pinning may fail if order flow shifts.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate-Strong
Buy 2026-08-21 $110.00/$115.00 call spread
Why now: Bullish bias confirmed by heavy call skew and positive gamma pinning near $110.
Max loss is net debit; high IV inflates premium but spread caps vega.
Bullish risk reversalModerate
Buy 2026-08-21 $115.00 call / sell 2026-08-21 $100.00 put
Why now: Low put premium vs call upside; zero-cost bullish expression.
Unlimited downside on short put if stock drops sharply; margin required.

Top Plays

#1
Bull call spread
Buy 2026-08-21 $110.00/$115.00 call spread
Bullish bias with positive gamma near resistance; call spread captures upside while capping risk.
Why this play: Best alignment with bullish flow and gamma pinning near $110; limited risk.
Debit: $1.87-$2.28
Max loss: $2.28
BE: $112.28
Mgmt: Exit at 50% profit or if spot drops below $96.65.
Traders seeking defined risk play with strong directional conviction.
#2
Bullish risk reversal
Buy 2026-08-21 $115.00 call / sell 2026-08-21 $100.00 put
Low put premium vs call upside; benefits from bullish move without upfront cost.
Why this play: Zero-cost bullish expression; unlimited upside with limited downside risk.
Debit: $1.66-$2.03
Max loss: $100.00
BE: $100.00
Mgmt: Monitor short put risk; roll or close if spot nears $100.
Aggressive traders comfortable with short put exposure.

Watchlist Triggers

Entry Triggers
IFSpot breaks above $110 resistance → Buy 2026-08-21 $110/$115 bull call spread at $2.00-$2.28
IFSpot holds above $99.80 1w support → Execute bullish risk reversal: buy 2026-08-21 $115 call / sell $100 put at net credit $1.66-$2.03
Exit Triggers
EXITSpot drops below $96.65 support → Sell bull call spread to close
EXITSpot nears $100 put strike → Close risk reversal (buy back put, sell call)

Tactical Summary

Bullish bias with gamma pinning near $110. Key levels: support $96.65, resistance $110/$119.65. Prefer bull call spread for defined risk; risk reversal for zero-cost expression. Invalidation: close below $96.65.
How to Use These Reports
This directional reflects the market close on June 18, 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.