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HOOD

Robinhood Markets, Inc.Close $76.75EOD only
Max Pain
$78.00
Next expiry May 15, 2026
Expected Move
±$3.31
4.3% from close
Price Gap
+1.25
Distance to max pain
IV Rank
41
Middle-high premium
P/C OI
0.70
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: May 13, 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 13, 2026 close
HOOD Earnings Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish flow with $22M net premium and low put/call ratio, but tail risk hedges via OTM puts signal caution. High confidence.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.5% from MP; +1 VIX 17
Most important: Call wall $90-$100, put floor $50-$75. Watch $82 resistance and $78 support.
🐂Aggressive $85 call buying (16,335 vol) signals strong bullish conviction.
⚠️May 15 deep OTM puts (IV >270%) indicate tail risk premium; caution warranted.
📊Net premium $22M and put/call volume ratio 0.33 confirm dominant call activity.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$70.00 — Approx — based on put OI concentration of 18,750 (13.3% below spot)

Earnings Overview

Next earnings: 2026-07-29 (76 days)explicit

Expected moves:

  • 2026-05-15 (1d): ±$2.57 (3.2%)
  • 2026-05-22 (8d): ±$6.13 (7.6%)
  • 2026-05-29 (15d): ±$7.98 (9.9%)

IV Setup

Term structure: Steep backwardation; 1d IV much higher than 8d.

Crush estimate: Intraweek crush possible if gamma flips; no earnings crush expected.

Skew: Put skew elevated on May 15 OTM puts (>270% IV), indicating tail risk hedging.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: 80% beat rate suggests average move exceeds implied.

Directional bias: Bullish bias historically, but next earnings 76 days away.

Key Levels

1$70.00 gamma flip
2EM guardrails: 2d $78.13/$83.26; 1w $74.57/$86.83
3Max pain pins: $78 (2026-05-15); $77 (2026-05-22); $77 (2026-05-29)

Flow Highlights

Massive call buying at $85 May 22: 16,335 vol vs 2,422 OI.

Aggressive bullish positioning, likely directional bet.

Unusual put activity at $110 and $130 May 15 with IV >270%.

Tail risk hedging or downside speculation.

Strategies

Call Diagonal
Sell 2026-05-22 $85.00 call / buy 2026-06-26 $83.00 call
Debit: $4.20-$5.14
Max loss: $5.14
Max gain: Variable
BE: Path-dependent
Trigger: Close at 50% max gain or adjust if stock breaches $78 support.
Captures steep backwardation with bullish bias; defined risk, net credit possibility.
Outperforms: Sell near-term call, buy later expiry call to profit from time decay and volatility skew.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-05-22 $75.00 put + sell $88.00 call
Credit: $1.69-$2.07
Max loss: Unlimited
Max gain: $2.07
BE: 72.93 / 90.07
Trigger: Monitor $78 and $82; exit if breached or 70% max profit.
High near-term IV offers premium; support/resistance provide range-bound edge.
Outperforms: Sell OTM put and call to collect premium from IV crush and time decay.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Gamma flip risk below $78 due to put OI concentration.
!Tail risk from high IV puts could amplify downside moves.

What to Watch

?$82 resistance and $78 support.
?$85 and $90 call strikes for continuation.
How to Use These Reports
This earnings reflects the market close on May 14, 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.