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HOOD

Robinhood Markets, Inc.Close $123.30EOD only

Max Pain

$110.00

Next expiry Sep 25, 2026

Expected Move

±$7.20

5.8% from close

Price Gap

-13.30

Distance to max pain

IV Rank

Low premium

P/C OI

0.72

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Sep 21, 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 21, 2026 close

HOOD Theta Report

Analysis based on market close June 23, 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 23, 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); -0.5 spot 3.2% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

IV 73% vs VIX 19%, significantly elevated

Favorable?

Yes

Term structure: Near-term IV elevated with strong put skew; contango after front week

📈IV rich for sellers; high premium decay potential

📌Max pain $100 pinning; spot above at $106, bullish bias

⚠️Extreme put skew on front week (131% vs 79% calls)

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+68.7M)

OI concentrations: Heavy OI at $100 (front) and $90/$92 (next weeks); call wall $110-$130

Verdict: Low near-term pin risk; spot above max pain, gamma positive; watch gamma flip

Premium Opportunities

Put credit spread

Sell 2026-07-17 $95.00/$90.00 put spread

Sell $95/$90 put spread to collect elevated IV premium.

Credit: $1.24-$1.52

Max loss: $3.48

BE: $93.48

Mgmt: Close at 50% profit or before earnings.

Cash-secured put

Sell 2026-07-17 $95.00 cash-secured put

Sell $95 cash-secured put to capture high IV premium.

Credit: $3.11-$3.80

Max loss: $91.20

BE: $91.20

Mgmt: Roll down if spot breaks $100.

Risk Alerts

!Elevated IV decay risk if spot stabilizes

!Spot could drop to $100 support if momentum shifts

!Front-week put skew suggests heavy hedging demand

How to Use These Reports

This theta reflects the market close on June 23, 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.