Beaten Up Financial Services Platform Sees Bullish Call Buyer
Robinhood (HOOD) seeing 6000 October $10 calls bought at $0.95 offers today as bulls look at a potential move higher from the developing inverted head and shoulders pattern. HOOD has been beat up but this week bounced off monthly value support at 9 and is now nearing the 10 level after closing above 21 EMA today. The stock has an 11% short float that could ignite buying on a breakout towards 12.20 where there is an untested VPOC from May.