Robinhood jumps as $1.5B buyback momentum and $90-strike options surge lift shares
Robinhood shares rose about 4.6% to $90.73 as investors continued to react to the company’s newly authorized $1.5 billion share repurchase program announced March 24, 2026. Trading also picked up after a burst of unusually heavy options activity clustered around the $90 strike, reinforcing near-term bullish positioning.
1. What’s moving HOOD today
Robinhood Markets (HOOD) is higher today after investors continued to price in the company’s expanded capital-return plan: a $1.5 billion share repurchase authorization approved by the board and disclosed on March 24, 2026. The size of the program and the signal it sends about management’s confidence in cash generation have helped support the stock in recent sessions. (robinhood.com)
2. Options flow adds fuel near $90
Momentum also coincides with unusually heavy options activity centered around HOOD contracts near the $90 strike, suggesting concentrated positioning around this price level. Elevated options turnover can amplify price moves as market makers hedge and traders chase breakouts, especially when the underlying stock is already trending. (stockoptionschannel.com)
3. What to watch next
The next scheduled company catalyst is Robinhood’s first-quarter 2026 results, set for after the market close on April 28, 2026. With HOOD now trading around the $90 area, investors will be focused on whether transaction activity and net new assets can justify the stock’s valuation and sustain the post-buyback bid. (stocktitan.net)