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HOOD

Robinhood Markets, Inc.Close $104.42EOD only
Max Pain
$106.00
Next expiry Sep 18, 2026
Expected Move
±$4.49
4.3% from close
Price Gap
+1.58
Distance to max pain
IV Rank
25
Low premium
P/C OI
0.73
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Sep 16, 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
Sep 16, 2026 close
HOOD Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Bull Put Spreads
Invalidation: Spot closes below $93 support
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 23.8% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV significantly elevated relative to VIX (79% vs 18.4)
Favorable?
Yes

Term structure: Contango overall with a slight dip at 23d; near-term put IV extremely high

⚠️Max pain at $85 but spot well above; downside pin risk
📈GEX +$97M, net premium $289M; bullish flow
🚨1d put IV 238%, extreme skew from event risk

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+97.1M)

OI concentrations: Call wall at $120; put floor $55-$70; no near-spot put OI

Verdict: Moderate

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $99.00/$96.00 put spread
Sell $99 put, buy $96 put to collect $1.38 premium with $1.62 max loss.
Credit: $1.12-$1.38
Max loss: $1.62
BE: $97.62
Mgmt: Monitor spot near $93 invalidation; close at 50% profit or expiry.
#2
Cash-secured put
Sell 2026-07-24 $96.00 cash-secured put
Sell $96 put to collect $4.81 premium, obligated to buy shares at $96.
Credit: $3.94-$4.81
Max loss: $91.19
BE: $91.19
Mgmt: Manage assignment risk; roll if spot nears $93.

Risk Alerts

!High vol regime; maintain position sizing
!Pin risk: max pain far from spot; potential sharp moves
!Put skew extreme at 1d; watch for vol expansion
How to Use These Reports
This theta reflects the market close on June 17, 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.