Looking At Robinhood Markets's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Robinhood Markets (NASDAQ:HOOD) shows a split sentiment among big-money traders, with 54% bearish and 45% bullish. The options trades focus on a price range of $18.0 to $37.0. The stock is currently trading at $20.49, up by 0.83%, but may be approaching overbought territory.
August 29, 2024 | 2:01 pm
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Robinhood Markets has seen unusual options activity with a slight bearish tilt (54% bearish vs. 45% bullish). The stock is currently trading at $20.49, up 0.83%, but may be nearing overbought levels. The options activity suggests potential volatility in the short term.
The unusual options activity with a majority bearish sentiment suggests that investors expect potential downside or volatility in the short term. The stock's current price increase and nearing overbought RSI readings further indicate potential for a price correction.
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