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HOOD

Robinhood Markets, Inc.Close $88.33EOD only

Max Pain

$82.00

Next expiry Jun 5, 2026

Expected Move

±$2.97

3.4% from close

Price Gap

-6.33

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.63

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 4, 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 4, 2026 close

HOOD Theta Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +0.5 VIX 22

IV Environment

IV Regime

High

IV vs VIX

IV significantly elevated relative to VIX (78.4 vs 21.5)

Favorable?

Yes

Term structure: Front-end volatility spike (0 DTE IV 19.5% but skewed), contango through mid-term, flattening out

📈IV vs VIX spread wide, premium selling attractive

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+42.4M)

Gamma flip: ~$75.00 — Approx — based on put OI concentration of 15,772 (9.1% below spot)

OI concentrations: Max pain $82 (0DTE), $83 (next week); put floor $75, call wall $90-$120

Verdict: Spot at max pain, elevated pin risk into expiration

Premium Opportunities

Put credit spread

Sell 2026-08-21 $80.00/$75.00 put spread

Sell Aug 21 80/75 put spread to capture elevated IV (78.4 vs VIX 21.5) and benefit from time decay near max pain.

Credit: $2.18-$2.67

Max loss: $2.33

BE: $77.33

Mgmt: Exit early if HOOD breaks below $82 support; monitor gamma risk at $75 and post-earnings IV compression.

Risk Alerts

!Gamma flip at $75; break below would accelerate selling

!High IV may compress post-expiration

!Pin risk elevated near $82/$83 strikes

How to Use These Reports

This theta reflects the market close on June 5, 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.