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HOOD

Robinhood Markets, Inc.Close $85.68EOD only
Max Pain
$87.00
Next expiry Nov 6, 2026
Expected Move
±$5.72
6.7% from close
Price Gap
+1.32
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.76
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Nov 3, 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
Nov 3, 2026 close
HOOD Theta Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 16, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Avoid naked premium selling; consider put vertical spreads or wait for IV contraction
Invalidation: Breach of $85 support or $105 resistance; expiration gamma risk amplifies moves
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 13.8% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV at 74% is 4.5x VIX 16.4, extreme richness
Favorable?
No

Term structure: Front-end skew steep, puts elevated, backwardation to mid-month

⚠️2d put IV 178% vs call 130% signals extreme fear, risky for naked selling
📌Max pain $85 near spot, gamma pinning from $+91.9M GEX supports premium collection
📊Call OI wall $105-$120 caps upside; put floor $55-$70 limits downside

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+91.9M)

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 16,243 (27.6% below spot)

OI concentrations: Put OI 16,243 (27.6% below spot); call OI heavy at strikes $105-$120

Verdict: Spot likely pinned near $85 through June 18 expiration, limiting extreme moves

Premium Opportunities

#1
Put credit spread
Sell 2026-08-21 $85.00/$80.00 put spread
Sell put spread on high IV, benefits from IV decay and pinning near $85.
Credit: $1.35-$1.65
Max loss: $3.35
BE: $83.35
Mgmt: Take profit at 50% max gain; stop if stock breaches $85.91.
#2
Iron condor
Sell 2026-08-21 $85.00/$80.00 put wing and $100.00/$105.00 call wing
Sell put and call wings, profits if stock stays within $85-$100 range.
Credit: $3.04-$3.71
Max loss: $1.29
BE: 81.29 / 103.71
Mgmt: Close at 50% profit or if stock breaks $85 or $105.

Risk Alerts

!Earnings/events not accounted
!Expiration week, high gamma risk
!IV skew suggests tail risk premium priced
How to Use These Reports
This theta reflects the market close on June 16, 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.