HOOD
Robinhood Markets, Inc.Close $93.47EOD onlyThis page reflects HOOD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Historical consensus-supported lens with full content, report chain context, and metric rail.
Outlook
Bullish bias driven by strong dealer gamma support ($95 max pain, $90 gamma flip) and bullish flow. Spot above MP pinning near $95. High vol regime supports option selling. Short-term upside to $100 resistance, but gamma flip at $90 is key risk.
Conflicts: SPY/QQQ down, spot above MP may suppress upside, high vol regime
Regime Classification
Price Range Forecast
Key Levels
Dealer Positioning (GEX/DEX)
GEX: $+72.3M
DEX: +48.9M shares
Gamma flip: ~$90 (Approx — based on put OI concentration of 14,229 (8.8% below spot))
NTM gamma: GEX +$72.3M, DEX +48.9M shares, gamma flip ~$90 (put OI 14,229)
IV Analysis
IV vs VIX: Rich vs VIX ~18; elevated IV percentile suggests selling preferred
Term structure: Near-term elevated, backwardation after earnings; 2w implied ~40%
Skew: Put skew elevated; consider call spreads or short puts for premium capture
Flow Analysis
Net premium: Net call premium of $35M with put/call volume ratio 0.45 indicates strong bullish flow.
Directional prints: 23.2 call 98 ITM 2026-06-26 — Vol 16.5k vs OI 1.2k (14x), low IV 23%, aggressive call buying; likely opened for bullish bet. 44.9 call 97 ITM 2026-06-26 — Vol 17.6k vs OI 1.5k (12x), moderate IV 45%, strong call buying; likely opened for upside.
Unusual: 105.4 call 96 ITM 2026-06-26 — Vol 12.3k vs OI 1.5k (8.4x), extremely high IV 105%, large positioning; possible buy or sell. 65.7 put 93 OTM 2026-07-31 — Vol 1.2k vs OI 0.1k (10x), elevated IV 66%, put buying for downside protection.
Risks & Catalysts
Strategy Viability
| Strategy | Edge | Best Setup | Primary Risk |
|---|---|---|---|
| Put credit spread | Moderate | Sell 2026-07-31 $88.00/$75.00 put spread Why now: Gamma flip at $90 provides downside buffer; selling put spread collects premium with defined risk. | If stock breaks below $90, gamma flip may accelerate losses; spread caps downside. |
| Bull call spread | Moderate | Buy 2026-07-31 $96.00/$114.00 call spread Why now: Flow shows aggressive call buying; bull call spread captures upside with limited cost and defined risk. | Time decay hurts if stock stays flat; max profit capped at $100. Liquidity constraints: short_call: Wide spread (73%). |
| Bullish risk reversal | Moderate | Buy 2026-08-21 $105.00 call / sell 2026-08-21 $80.00 put Why now: Dealer gamma at $90 provides downside support; risk reversal offers premium-neutral upside exposure. | If stock breaks below $90, short put becomes deep ITM; unlimited downside risk on put leg. |
| Call diagonal | Weak | Sell 2026-07-31 $116.00 call / buy 2026-08-21 $105.00 call Why now: IV term structure is steep; calendar benefits from time decay of short leg and potential upside move. | Risk of sharp upside move capping gains; requires falling IV to profit. Liquidity constraints: short_call: Wide spread (62%). |
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Watchlist Triggers
Tactical Summary
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.
Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.
These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.