Jul. 27 at 5:19 AM
$HOOD full earnings straddle as Robinhood prepares to report July 29 — HOOD at
$94.61 today.
+138 HOOD 100 31 JUL 2026 94.00 CALL @ 5.50, for
$75,900 total deltas.
+138 HOOD 100 31 JUL 2026 94.00 PUT @ 5.26, for
$72,588 total deltas.
+138 HOOD 100 31 JUL 2026 105.00 CALL @ 1.83, for
$25,254 total deltas.
+138 HOOD 100 31 JUL 2026 85.00 PUT @ 1.78, for
$24,564 total deltas.
Combined exposure ×
$94.61 =
$19,470,799 in dollar exposure. A perfect at-the-money straddle at 94 plus wings at 85 and 105 — this is a full iron butterfly structure inverted (long the body, long the wings). Options market implies a 12.6% move for HOOD on earnings.
KeyBanc raised HOOD's target to
$125 from
$100. Someone bought the straddle AND the wings betting on a huge move beyond 12.6% — either above
$105 or below
$85 by July 31.
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