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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 Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 12, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Put Credit Spread
Invalidation: Break below $84 support
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.8% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
AVG IV 79.4% vs VIX 19.4 — elevated relative to index
Favorable?
Yes

Term structure: Near-term put skew extreme (1d put IV 156%); contango in ATM but put skew declines further out

🔥IV well above VIX; rich premia available
⚠️Near-term put IV extreme at 156%; possibly hedging

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+107.5M)

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 15,745 (24.1% below spot)

OI concentrations: Put OI heavy below spot (24.1% below); Call OI wall $100-$105

Verdict: Gamma flip at $70; spot well above; pin risk primarily at $84 max pain for 6/12 expiration

Premium Opportunities

#1
Put credit spread
Sell 2026-08-21 $90.00/$85.00 put spread
Collect premium from elevated IV with safety net at $84 support; limited downside risk.
Credit: $2.11-$2.58
Max loss: $2.42
BE: $87.42
Mgmt: Close at 50% max profit or if spot breaks $84 invalidation.

Risk Alerts

!High near-term put skew suggests hedging demand
!Pin risk at $84 for weekly expiration
How to Use These Reports
This theta reflects the market close on June 11, 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.