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HOOD

Robinhood Markets, Inc.Close $74.16EOD only
Max Pain
$78.00
Next expiry May 22, 2026
Expected Move
±$3.57
4.8% from close
Price Gap
+3.84
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.68
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: May 19, 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
May 19, 2026 close
HOOD Earnings Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Earnings Verdict

HOOD far from earnings (75d), high IV with pinning at $78; beat rate 80% supports bullish bias but flow mixed.

Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +0.5 VIX 18
Most important: Pinning at $78 and deep OTM put activity signal tail risk.
📉Unusual $55 put (16.5x OI) signals bearish speculation or hedge.
📌Heavy $77 straddle volume on expiry day suggests pinning at $78.
📊Beat rate 80% supports bullish lean but far-out earnings reduce conviction.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$70.00 — Approx — based on put OI concentration of 18,731 (9.3% below spot)

Earnings Overview

Next earnings: 2026-07-29 (75 days)explicit

Expected moves:

  • 2026-05-22 (7d): ±$4.98 (6.5%)
  • 2026-05-29 (14d): ±$6.90 (8.9%)
  • 2026-06-05 (21d): ±$8.77 (11.4%)

IV Setup

Term structure: Earnings 75d out, upward sloping: 1w ±6.5%, 2w ±8.9%, 3w ±11.4%.

Crush estimate: Not applicable (far from earnings); IV may gradually decay.

Skew: Put OI heavy sub-$70; call OI wall above $80; skew reflects tail risk from unusual put volumes.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not provided (earnings far out).

Directional bias: 80% beat rate suggests bullish bias.

Key Levels

1$70.00 gamma flip
2EM guardrails: 1w $72.15/$82.12
3Max pain pins: $78 (2026-05-15); $78 (2026-05-22); $77 (2026-05-29)

Flow Highlights

Unusual 14,765 vol on 5/29 $55 put (16.5x OI).

Deep OTM put speculation or tail hedge, bearish signal.

Heavy volume on 5/15 $77 straddle (expiry day).

Pinning activity at $77-78, close to max pain $78.

Strategies

Neutral Pin IC
Sell 2026-05-29 $70.00/$69.00 put wing and $78.00/$79.00 call wing
Credit: $0.51-$0.62
Max loss: $0.38
Max gain: $0.62
BE: 69.38 / 78.62
Trigger: Close at 50% max gain or adjust if price breaches wings.
Pinning at $78 and upward term structure favor defined-risk premium decay over alternatives.
Outperforms: Sells put and call wings near pinning level to capture IV decay with tail risk mitigation.
Underperforms: Move outside short strikes invalidates range thesis.
Bullish Call Diagonal
Sell 2026-05-22 $78.00 call / buy 2026-06-18 $80.00 call
Debit: $2.18-$2.67
Max loss: $2.67
Max gain: Variable
BE: Path-dependent
Trigger: Exit if stock drops below $70; roll if short strike tested.
High IV decay and 80% beat rate support bullish calendar vs iron condor's neutral stance.
Outperforms: Sells near-term call at $78, buys later $80 for time decay edge.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Far-dated earnings (75d) with high IV may lead to time decay for premium sellers.
!Tail risk from $55 put and $110 put unusual activity.
!Pinning near $78 may cause expiry squeeze.

What to Watch

?OPEX pinning at $78.
?Gamma flip level at $70 (put OI concentration).
?Volume on 5/22 $79 call and $69 put.
How to Use These Reports
This earnings reflects the market close on May 15, 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.