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HOOD

Robinhood Markets, Inc.Close $101.58EOD only

Max Pain

$104.00

Next expiry Jul 24, 2026

Expected Move

±$3.18

3.1% from close

Price Gap

+2.42

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.75

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jul 23, 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

Jul 23, 2026 close

HOOD Theta Report

Analysis based on market close June 8, 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 June 8, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

IV 76% vs VIX 19, ~4x

Favorable?

Yes

Term structure: Front-end backwardated, flattens after 30d

🔥IV well above VIX, rich premiums

🛡️Dealer long gamma $58M supports short puts

📌Max pain $83 weekly, pinning likely

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+58.2M)

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 15,721 (17.7% below spot)

OI concentrations: Max pain $83 (6/12), $79 (6/18), $80 (6/26)

Verdict: Elevated pin risk at $83, call wall at $90

Premium Opportunities

Cash-secured put

Sell 2026-07-10 $80.00 cash-secured put

Sell $80 put for ~$4 credit, ~4% yield on cash collateral.

Credit: $3.76-$4.59

Max loss: $75.41

BE: $75.41

Mgmt: Close at 50% profit or roll at $83 test.

Put credit spread

Sell 2026-07-10 $80.00/$76.00 put spread

Sell $80/$76 put spread for ~$1.43 credit.

Credit: $1.17-$1.43

Max loss: $2.57

BE: $78.57

Mgmt: Exit if stock breaks below $83.

Iron condor

Sell 2026-07-10 $80.00/$76.00 put wing and $85.00/$90.00 call wing

Sell $80/$76 put and $85/$90 call wings for ~$3.49 credit.

Credit: $2.86-$3.49

Max loss: $1.51

BE: 76.51 / 88.49

Mgmt: Defend short strikes; adjust at breach.

Risk Alerts

!Gamma flip at $70: breach flips dealer hedging

!Put OI heavy below $83, but IV contraction risk

How to Use These Reports

This theta reflects the market close on June 8, 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.