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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 Theta Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short put spreads
Invalidation: Break below $70 support or gamma flip
Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 74% vs VIX 18.43, elevated
Favorable?
Yes

Term structure: 0DTE low; weeklies ~55%, longer-dated 60-66%, contango

📈IV vs VIX rich, favorable for premium selling
⚠️Near-term IV elevated due to high vol regime
🎯Max pain $78 pinning supports short strikes near support

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+25.2M)

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 18,731 (9.3% below spot)

OI concentrations: Call wall $82-$100; put floor $50-$70; put OI heavy near $70

Verdict: Pinning risk elevated at $78 max pain; put concentration below spot suggests support, but high vol could break

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $70.00/$65.00 put spread
Short put spread capturing elevated IV.
Credit: $1.08-$1.31
Max loss: $3.69
BE: $68.69
Mgmt: Exit below $70.24.
#2
Iron condor
Sell 2026-06-18 $70.00/$65.00 put wing and $80.00/$85.00 call wing
Iron condor profiting from range.
Credit: $2.52-$3.07
Max loss: $1.93
BE: 66.93 / 83.07
Mgmt: Adjust near $70 or $80.
#3
Covered call
Buy shares + sell 2026-06-18 $80.00 call
Buy shares, sell call for income.
Credit: $4.09-$5.00
Max loss: Stock downside to $0 less call premium
BE: $72.14
Mgmt: Roll if assigned.

Risk Alerts

!High vol regime may cause sharp moves beyond guardrails
!Mixed dealer flow with negative net premium adds uncertainty
How to Use These Reports
This theta 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.