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For the first time in its history, a Robinhood (HOOD) insider just made a bullish bet — and traders across social media are paying attention. While one director is selling millions, another just made a historic buy. What’s going on inside the company, and should you be watching HOOD stock now?
Let’s break it down.
A Historic $2M Insider Buy
Director Christopher Payne just purchased $2 million worth of HOOD shares, according to a recent SEC filing — marking the first-ever insider buy for Robinhood since the company went public. This is especially notable because insider buying is often viewed as a strong signal of confidence in the company's future.
Why it matters:
- Insider sales are common — they can happen for tax reasons, diversification, or any number of other motivations.
- But insider buys — especially of this size — usually mean one thing: Insiders believe the stock is undervalued and poised to move higher.
At the Same Time, a $31M Insider Sell
On the flip side, Director Baiju Bhatt — one of Robinhood’s co-founders — sold over $31 million worth of shares during the same period. This could raise eyebrows, but it doesn’t necessarily mean trouble.
It’s not uncommon for early founders to reduce their exposure over time. And given Robinhood’s 200%+ stock rally over the past year, many long-term holders are simply locking in gains.
Rejected from the S&P 500 — But Still Rallying
Robinhood was recently snubbed from joining the S&P 500 Index ($SPX), while competitor Coinbase (COIN) made the cut. This caused a slight dip in price on the news in June. Still, the company is pushing forward with crypto expansion through its acquisition of Bitstamp and WonderFi — and investors haven’t stopped buying.
In fact, shares of HOOD recently hit all-time highs, backed by bullish sentiment in both the crypto and fintech sectors.
Gamma Levels Show Heavy Open Interest Near $85
Barchart’s Gamma Exposure Tool for HOOD shows a positive gamma spike at $80 and a major call wall at $85:
This signals aggressive options activity, and potential upside fuel if HOOD breaks through those levels - but traders should expect some resistance.
Learn more about Gamma Exposure here
Conclusion: The Smart Money is Moving on HOOD Stock
When you combine:
- A $2M insider buy;
- Strong call options flow;
- A breakout to previous highs; and
- Crypto exposure via Bitstamp…
…you get a high-conviction setup for short-term and long-term traders alike.
Want the quick visual breakdown? Watch the HOOD reel now:
