HOOD Credit Put Spread (Bull Put) — Jul 17, 2026
Trade Setup
Current Stock Price
$97.19
Entry Price
$103.25
Expiration
Jul 17, 2026
Suggested Contracts
1
Strike Details
Sell 90P / Buy 80P
Risk / Reward
Max Loss
$866.00
Max Profit
$134.00
Analysis
HOOD (Robinhood Markets Inc Class A) presents a credit put spread (bull put) opportunity with elevated implied volatility. IV Rank 59. IV 5529.0% trades 180.0pp above 30-day HV (5349.0%). This setup favors net premium sellers.
Sell the $90 put and buy the $80 put for protection. Bullish setup — profits if HOOD stays above $90 at expiration. Defined risk equal to the spread width minus credit collected. Underlying ~$103.25, 24 DTE. Max profit $134 per contract, max loss $866, 15.5% return on risk, 81% POP. Breakeven at $88.66.
Management: take profit at ~50% of max profit ($67). Cut at 2x credit ($268 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.
Setup Instructions
Underlying: HOOD @ ~$103.25 Expiration: Jul 17, 2026 (24 DTE) Legs:
- Sell HOOD Jul 17, 2026 $90 Put (delta -0.19, mid $2.07)
- Buy HOOD Jul 17, 2026 $80 Put (delta -0.07, mid $0.73)
Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~3.9% of mid) before sending.
Management Plan
Take profit at 50% of max profit ($67). Cut loss if position reaches 2x credit received ($268 loss). Roll if tested with > 14 DTE remaining.