HOOD is currently in a low-volatility equilibrium, trading right at the Max Pain level of 100. While trend and patterns are neutral, the underlying momentum is shifting bullish as evidenced by the MACD trend and a positive sentiment lean. With IV Rank suppressed, this is a textbook environment for buying cheap calls to speculate on a relief rally. We are looking for the stock to bounce off the 100 level and challenge the 106-108 range. The lack of immediate catalysts like earnings allows for a cleaner technical trade based on momentum recovery.

Stop: $96.59 · T1: $106.24 · R:R 1.5