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HOOD

Robinhood Markets, Inc.Close $119.82EOD only

Max Pain

$108.00

Next expiry Sep 25, 2026

Expected Move

±$8.15

6.8% from close

Price Gap

-11.82

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.73

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Sep 18, 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 18, 2026 close

HOOD Theta Report

Analysis based on market close June 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 22, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.8% from MP; +1 VIX 17

IV Environment

IV Regime

High

IV vs VIX

IV significantly above VIX (75% vs 17%)

Favorable?

Yes

Term structure: Front-week IV elevated, declining into mid-July then rising; put skew persists

📈IV 75% vs VIX 17 suggests rich premiums

⚠️Put skew elevated across expirations

📌Gamma pinning near $99, $88, $90

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+76.1M)

OI concentrations: Max pain pins: $99 (Jun26), $88 (Jul2), $90 (Jul10). Call wall $120-$130, put floor $55. No significant put OI below spot.

Verdict: Moderate pin risk; spot above max pain, multiple nearby pin levels, call wall above

Premium Opportunities

Put credit spread

Sell 2026-07-24 $99.00/$96.00 put spread

Sell 99/96 put spread; max gain $1.46.

Credit: $1.19-$1.46

Max loss: $1.54

BE: $97.54

Mgmt: Close at 50% profit or ahead of earnings.

Cash-secured put

Sell 2026-08-21 $100.00 cash-secured put

Sell Aug 21 $100 put; max gain $9.54.

Credit: $7.81-$9.54

Max loss: $90.46

BE: $90.46

Mgmt: Roll if tested or close at 50% gain.

Risk Alerts

!High IV may signal event risk

!Spot 6.8% from max pain, drift possible

!Put skew indicates downside hedging demand

How to Use These Reports

This theta reflects the market close on June 22, 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.