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HOOD

Robinhood Markets, Inc.Close $75.92EOD only
Max Pain
$77.00
Next expiry May 22, 2026
Expected Move
±$2.13
2.8% from close
Price Gap
+1.08
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.67
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
HOOD Earnings Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

HOOD shows bullish flow and upward IV term structure ahead of July earnings, 80% beat rate. Spot below $77 max pain, net premium positive, call activity heavy.

Confidence:
5.5 / 10
base 5; -0.5 spot 4.4% from MP; +1 VIX 17
Most important: Aggressive call buying at $74-$76 and $180 strikes; $77 max pain is near-term magnet.
🐂Unusual call flow dominates; net premium +$106K, PCR=0.47
⚠️Earnings 68 days away; premium sellers benefit from time decay

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$70.00 — Approx — based on put OI concentration of 17,370 (4.9% below spot)

Earnings Overview

Next earnings: 2026-07-29 (68 days)explicit

Expected moves:

  • 2026-05-29 (7d): ±$4.20 (5.7%)
  • 2026-06-05 (14d): ±$6.40 (8.7%)
  • 2026-06-12 (21d): ±$7.88 (10.7%)

IV Setup

Term structure: Upward-sloping; near-term IV 8-19%, 1w ~48%, 3m ~68%, 1y ~72%.

Crush estimate: Earnings in 68 days; pre-earnings IV elevated, expect ~40% crush post-event.

Skew: Call skew elevated; put OI floor at $55.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Hist avg move ±8.2% vs implied 5.7% (7d); beats exceeded moves

Directional bias: Bullish bias due to 80% beat rate and call flow.

Key Levels

1$70.00 gamma flip
2EM guardrails: 1w $69.44/$77.83
3Max pain pins: $77 (2026-05-22); $76 (2026-05-29); $76 (2026-06-05)

Flow Highlights

Large call volume on May29 $74-$76 strikes, vol/oi >3x

Short-dated bullish bets targeting $76+

Long-dated call buying at $180 (2027) with IV ~72%

Institutional positioning for longer-term upside.

Strategies

Iron Condor
Sell 2026-06-18 $70.00/$65.00 put wing and $80.00/$85.00 call wing
Credit: $2.25-$2.74
Max loss: $2.26
Max gain: $2.74
BE: 67.26 / 82.74
Trigger: Close at 50% max gain or prior to earnings.
Only eligible candidate; captures time decay and contained move probability.
Outperforms: Sell put and call wings outside expected range.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Time decay erodes near-term premium before earnings.
!IV crush post-earnings can negate premium.
!Pin risk near $77 max pain.

What to Watch

?Spot reaction to $77 max pain and $79 call OI wall.
?Sustained call volume at $76 for momentum.
?Term structure skew changes near earnings.
How to Use These Reports
This earnings reflects the market close on May 22, 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.