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HOOD

Robinhood Markets, Inc.Close $109.81EOD only
Max Pain
$105.00
Next expiry Sep 18, 2026
Expected Move
±$3.13
2.9% from close
Price Gap
-4.81
Distance to max pain
IV Rank
28
Middle-high premium
P/C OI
0.75
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Sep 17, 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 17, 2026 close
HOOD Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 18, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Sell puts
Invalidation: Break of support 96.65 or GEX flip negative
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 21.5% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV ~79.7% vs VIX 16.4, elevated premium
Favorable?
Yes

Term structure: Flat contango from 8d out; 0DTE extreme skew

📈IV elevated relative to VIX, premium selling attractive
🛡️Positive GEX +$107.7M supports pinning
⚠️Spot 21.5% above MP $89, requires positioning adjustment

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+107.7M)

OI concentrations: Call wall $120-130, put floor $55-70, MP $89 (0DTE), $97 (weekly)

Verdict: Stock above MP, positive gamma, pinning likely but spot elevated

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $100.00/$99.00 put spread
Sell $100/$99 put spread to collect premium with 16% return on risk
Credit: $0.13-$0.16
Max loss: $0.84
BE: $99.84
Mgmt: Close at 50% profit or at invalidation below 96.65
#2
Cash-secured put
Sell 2026-07-24 $100.00 cash-secured put
Sell $100 put for 5.45 credit, targeting assignment at discount to current price
Credit: $4.46-$5.45
Max loss: $94.55
BE: $94.55
Mgmt: Manage if stock drops below 96.65, consider rolling out

Risk Alerts

!High 0DTE put skew (311% IV)
!Spot 21.5% above max pain, elevated downside risk
!Call OI wall at $120 may cap upside
How to Use These Reports
This theta reflects the market close on June 18, 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.