HOOD Options Are Pricing a $14 Move Into July 31 — Our Read Says the Tilt Is Lower

Robinhood Markets, Inc., ticker HOOD, closed Friday at 94.89. Hold that number, because every level in this episode is measured against it. Our read into the July 31 expiration is leaning bearish. Call it a lean. Put open interest exploded higher last week, traders paid up for downside protection on Friday, and the shares broke below their major moving averages on heavy volume. Here is the…

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