Option traders moderately bearish in Robinhood (HOOD), with shares down $1.34 near $72.50. Options volume roughly in line with average with 297k contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 2.1 points near 61.37,and below the 52wk median, suggesting an expected daily move of $2.80. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Sell at Redburn Atlantic.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Flutter’s FanDuel has discussed deal with Kalshi, Front Office Sports reports
- Robinhood Markets Stock (HOOD) Marches Higher as Crypto Volatility Drives Net Deposits
- Robinhood price target raised to $82 from $81 at Goldman Sachs
- Mixed options sentiment in Robinhood with shares up 1.81%