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HOOD

Robinhood Markets, Inc.Close $122.70EOD only

Max Pain

$114.00

Next expiry Sep 25, 2026

Expected Move

±$5.20

4.2% from close

Price Gap

-8.70

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 23, 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 23, 2026 close

HOOD Theta Report

Analysis based on market close June 25, 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 25, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 5.6% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

Avg IV 75% vs VIX 19, high stock premium

Favorable?

Term structure: Near-term puts 129% IV, steep skew; back month flatter

⚠️Near-term put IV 129% signals fear; selling puts risky

📍Gamma flip at $90; spot ~$93, bullish pinning tone

📊Max pain $99 OTM; call wall $100-$130

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+21.3M)

Gamma flip: ~$90.00 — Approx — based on put OI concentration of 14,130 (3.7% below spot)

OI concentrations: Put OI 14k at $90 (3.7% below spot); call OI heavy $100-$130. Max pain $99 Jun26

Verdict: Moderate pin risk. Spot below max pain, gamma positive at $90. Key pin level $90-$99

Premium Opportunities

Call credit spread

Sell 2026-07-17 $95.00/$100.00 call spread

Sell $95 call, buy $100 call for net credit up to $2.15. Max gain if HOOD stays below $95; max loss $2.85 if above $100.

Credit: $1.76-$2.15

Max loss: $2.85

BE: $97.15

Mgmt: Exit if HOOD nears $99 or IV contracts; hold to expiry for max gain.

Risk Alerts

!Near-term put IV 129% suggests elevated fear; avoid short puts

!Gamma flip at $90; break could accelerate downside

How to Use These Reports

This theta reflects the market close on June 25, 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.