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HOOD

Robinhood Markets, Inc.Close $119.40EOD only

Max Pain

$116.00

Next expiry Oct 2, 2026

Expected Move

±$7.83

6.5% from close

Price Gap

-3.40

Distance to max pain

IV Rank

Low premium

P/C OI

0.73

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Sep 25, 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

Sep 25, 2026 close

HOOD Theta Report

Analysis based on market close May 13, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from May 13, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.6% from MP; +1 VIX 18

IV Environment

IV Regime

High

IV vs VIX

IV (71.5%) far exceeds VIX (17.9%); rich premium environment.

Favorable?

Yes

Term structure: Short-term IV decaying then rising; term structure not uniformly contango.

📈IV vs VIX spread extremely wide, favoring premium selling.

⚠️Term structure dip at 16d may indicate event uncertainty.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+28.4M)

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 18,480 (8.8% below spot)

OI concentrations: Put OI concentration at $70; Call OI wall $82-$100.

Verdict: Pinning near $78 max pain; $70 gamma flip support.

Premium Opportunities

Iron condor

Sell 2026-06-18 $75.00/$70.00 put wing and $80.00/$85.00 call wing

Sell $75/$70 put and $80/$85 call spreads, net credit 3.35, reward:risk >2:1.

Credit: $3.27-$3.99

Max loss: $1.01

BE: 71.01 / 83.99

Mgmt: Monitor gamma and vega; adjust or close at 50% max gain or if spot threatens wings.

Risk Alerts

!High IV may compress quickly; manage vega risk.

!Pin risk at $78 expiry; avoid naked options near strike.

!Call OI wall at $82 could limit upside.

How to Use These Reports

This theta reflects the market close on May 13, 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.