Huge, Unusual Put Action in Robinhood Stock - A Sign That HOOD Has Bottomed?

A Barchart report shows large, unusual activity in out-of-the-money (OTM) Robinhood Markets Inc (HOOD) put options today. Is this a signal that HOOD stock has reached a bottom? For example, shorting HOOD puts here yields 1.36% at a 10% lower strike price at a 10-day expiry.

That could attract value investors into this short-put play. This is an attractive way to set a lower potential buy-in point and also get paid while waiting. This article will show how that works.