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HOOD

Robinhood Markets, Inc.Close $93.19EOD only
Max Pain
$81.00
Next expiry Jun 18, 2026
Expected Move
±$6.70
7.2% from close
Price Gap
-12.19
Distance to max pain
IV Rank
85
High premium
P/C OI
0.62
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
HOOD Earnings Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish posture on HOOD driven by strong call flow, positive gamma pinning, and high historical beat rate (80%).

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 16.8% from MP; +1 VIX 16
Most important: Call OI wall $105-$120 and put floor $55-$70 create tight pinning range; spot above $84 max pain.
📊HOOD avg beat rate 80% with consistent upside surprises.
⚠️IV at 62-86% across expirations; premium decay accelerates post-earnings.

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 16,626 (28.7% below spot)

Earnings Overview

Next earnings: 2026-07-29 (44 days)explicit

Expected moves:

  • 2026-06-18 (3d): ±$5.39 (5.5%)
  • 2026-06-26 (11d): ±$8.80 (9.0%)
  • 2026-07-02 (17d): ±$11.00 (11.2%)

IV Setup

Term structure: Steep contango across expirations; 3d IV ~65% implied move ±5.5%, 11d ~9%.

Crush estimate: Post-earnings IV crush likely >50% based on current elevated levels.

Skew: Call skewed; put/call OI ratio 0.64, strong call wall up to $120.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Historical moves averaged ~1.2x implied (beat rate 80%).

Directional bias: Upward bias; recent flow and spot above MP support bullish trend.

Key Levels

1$70.00 gamma flip
2EM guardrails: 2d $92.74/$103.51
3Max pain pins: $84 (2026-06-18); $84 (2026-06-26); $80 (2026-07-02)

Flow Highlights

Unusual block: 3,296 contracts of HOOD 6/18 $98 put traded (vol/OI 27) at $2.65.

Hedging against short-term downside below $98; may cap upside.

Strategies

Bull Call Spread
Buy 2026-08-21 $110.00/$135.00 call spread
Debit: $4.09-$5.00
Max loss: $5.00
Max gain: $20.00
BE: $115.00
Trigger: Exit at 50% max gain or at invalidation $87.12.
Directly bullish, leverages strong call flow and high beat rate; defined risk and low cost.
Outperforms: Captures upside with limited capital at risk; spot above max pain supports rally.
Underperforms: Loss of support weakens upside continuation thesis.
Call Calendar
Sell 2026-06-26 $105.00 call / buy 2026-07-24 $105.00 call
Debit: $3.12-$3.81
Max loss: $3.81
Max gain: Variable
BE: Path-dependent
Trigger: Close at 75% max gain or if spot falls below $87.
Exploits steep contango; near-term premium decay benefits from elevated IV.
Outperforms: Bullish bias with time spread; defined range limits risk.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long Strangle
Buy 2026-08-21 $90.00 put + buy $120.00 call
Debit: $10.58-$12.93
Max loss: $12.93
Max gain: Unlimited
BE: 77.07 / 132.93
Trigger: Sell at 50% loss or hold through earnings; IV crush reduces profit potential.
Cheaper than straddle; captures tail risk with higher beat rate history.
Outperforms: Wider strikes reduce premium; profits from large move in either direction.
Underperforms: Insufficient realized move reduces long-strangle edge.
Iron condor
Sell 2026-06-26 $92.00/$88.00 put wing and $105.00/$109.00 call wing
Credit: $1.53-$1.86
Max loss: $2.14
Max gain: $1.86
BE: 90.14 / 106.86
High IV and defined support/resistance ($90-$105) support premium sale; bullish bias justifies tighter call side.
Outperforms: Sell OTM call and put spreads to collect premium within tight pinning range pre-earnings; narrow call wing for bullish tilt.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!High IV premium magnifies position decay risk.
!Gamma flip at $70 could accelerate downside if breached.
!Earnings 44 days away; event risk not immediate but IV elevated.

What to Watch

?Spot reaction to $100 resistance; call OI wall.
?Gamma flip level $70; any breach triggers dealer hedging.
?Open interest changes at $105 and $120 call strikes.
How to Use These Reports
This earnings reflects the market close on June 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.