Recently, Barchart contributor Will Ashworth brought to the table nine Christmas call options, using the platform’s unusual options activity screener to filter for companies that met a minimum volume-to-open-interest ratio combined with compelling underlying businesses. One of the names that we’re both interested in — though I would argue from different angles — is Robinhood Markets (HOOD).
At first glance, HOOD stock does seem to be a challenging idea for growth-oriented investors. As Ashworth pointed out, Robinhood has witnessed a nearly 230% price appreciation so far this year. Perhaps even more problematic, HOOD trades at about 51 times trailing-12-month earnings. Most experts would likely label the trading app as being priced for perfection.
