Smart Money Is Betting Big In HOOD Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a significant interest in Robinhood Markets (NASDAQ:HOOD) options, with a bullish sentiment prevailing in 62% of the trades. Benzinga's options scanner revealed 8 unusual options trades, indicating a potential price target range for HOOD between $17.5 and $20.5. The analysis of volume and open interest in these options suggests increased liquidity and interest at these levels. Additionally, professional analysts have mixed views on HOOD, with target prices ranging from $16 to $25. The current market status shows HOOD's price up 3.65% at $17.75, with neutral RSI indicators and earnings expected in 12 days.
April 26, 2024 | 5:31 pm
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POSITIVE IMPACT
Significant interest in options trading for Robinhood Markets with a bullish sentiment from smart money investors. Analysts provide mixed ratings with target prices ranging from $16 to $25. Current market status shows a positive trend with a 3.65% increase in price.
The significant interest from smart money investors in HOOD options, particularly the bullish sentiment, suggests a positive short-term outlook for the stock. The mixed analyst ratings provide a broad target price range, indicating uncertainty but also potential upside. The current uptrend in price, coupled with the upcoming earnings release, could drive further interest and volatility in the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100