Options/HOOD

HOODRobinhood Markets, Inc. Class A Common Stock

Options Analysis Report•SECURITY BROKERS, DEALERS & FLOTATION COMPANIES

Market Cap $101.2B|NASDAQ

● 2026-09-11$112.57

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y -2.0%YTD -2.3%7D -7.8%

Options Vol

248,608

30D

Implied Move

±17.8%

IV Rank

16%

HOOD Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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HOOD Gamma Walls

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HOOD Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where HOOD sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.16) — downside puts carry 0.6 IV points LESS than at-the-money, and options are pricing vol 26% below what the stock has actually been realizing, measured against this name's own rolling 21-trading-day realized moves (483 overlapping windows). Fragility reads resilient (3.38): it is trading 12% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

2.16/ 10cheap

Basis: cross_sectional

Fragility

3.38/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

5.8

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 97.8% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.73x — IV ≤ HV

Sector Relative≤50%

Sector percentile 97% — above sector median

Term Structure

<1.1x

Front/Back 0.97x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 66.1% — normal range

Spread-Adjusted Value

<80%

Effective IV 71.7% (ATM 66.1% + spread 2.8% + bias) — fair

Execution Efficiency

<3.0%

Total drag 4.75% (spread 2.82% + slippage 1.93%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 32.35 (vega 9.122 / spread 2.82%) — efficient

Sentiment

Bullish or bearish?

6.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -7%, Raw: -8%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -7% (neutral) — Raw: -8%

OI Skew Magnitude

≥15%

|OI skew| 18.6% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +32.2%, OI skew +18.6% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 52%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +2%, ATM: -2%, OTM: -10% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 36% — bullish vs sector

Activity

Unusual activity?

5.0

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.9x avg — normal

Turnover Rate

≥15%

Vol/OI 14.1% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +3.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 95% — very active vs sector

Trade Quality

≥30%

Large trade volume 30% — mixed

Execution Urgency

≥60%

Aggressive execution 42% — patient

Flow Conviction

≥30

Conviction -7 (bearish) — mixed

Liquidity

Can I trade efficiently?

7.2

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks6/8 checks passed

Tradeable Spread

≤5.0%

Spread 2.8% — acceptable

Adequate OI

≥10,000

OI 1,757,378 — deep

Active Volume

≥500

Volume 248,608/day — active

Reasonable Cost

≤$0.50

$0.14 to cross — cheap

Strike Coverage

≥5 strikes

11 liquid strikes — good coverage

Sector Relative≤40%

Sector spread percentile 97% — much wider than sector

Order Book Depth

≥100 contracts

Depth 158.0 contracts (bid:77.1 ask:80.9) — adequate

Execution Quality

<1.0%

Avg slippage 1.93% — fair

Timing

Is now a good time?

7.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -2.9% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 98% — seller opportunity

Event Detection

≥10pts kink

IV kink -1.2pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 46.64 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -7% @ 53% consistency — unclear

Smart Money Timing

≥40 composite score

Score 60 (ITM 20% + inst 30%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls6.3

bullishIV fair, bullish flow

Long Puts5.4

bearishIV fair, bullish flow

Premium Sellers

Cash-Secured Put5.9

bullishIV fair, bullish flow

Covered Call5.1

bearishIV fair, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 14, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on HOOD

HOOD gamma walls HOOD option chain HOOD max pain HOOD expected move HOOD IV rank HOOD put/call ratio HOOD options flow