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HOOD

Robinhood Markets, Inc.Close $86.60EOD only
Max Pain
$95.00
Next expiry Jul 31, 2026
Expected Move
±$3.65
4.2% from close
Price Gap
+8.40
Distance to max pain
IV Rank
25
Middle-high premium
P/C OI
0.72
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jul 30, 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 30, 2026 close
HOOD Theta Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 15, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short call verticals above resistance
Invalidation: Spot breaks below $70 or above $105
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 16.8% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV (74%) is significantly elevated relative to VIX (16.2), indicating high implied volatility premium.
Favorable?
Yes

Term structure: Term structure is relatively flat with a slight downward slope from front to back months, but front-month skew is extreme (puts at 173%, calls at 118%).

⚠️High IV skew in front month: puts IV at 174% vs calls at 118%.
📈Bullish GEX and flow suggest dealer gamma pinning.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+96.6M)

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 16,626 (28.7% below spot)

OI concentrations: Call OI wall $105-$120, put OI floor $55-$70. Near max pain at $84 across multiple expirations.

Verdict: Low pin risk as spot is well above max pain and support at $87.12, but gamma flip at $70 could accelerate moves if triggered.

Premium Opportunities

#1
Call credit spread
Sell 2026-07-24 $105.00/$110.00 call spread
Sell call spread above resistance, capturing elevated IV premium.
Credit: $1.26-$1.54
Max loss: $3.46
BE: $106.54
Mgmt: Exit if spot rises above $100 (invalidation).

Risk Alerts

How to Use These Reports
This theta reflects the market close on June 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.