HOOD PUT +$1.09 (+126F) 10:30–12:00 — bands tightened into the drop
Bands tightened at entry and theta stayed elevated (width 46°), with price rejecting beneath the session’s key volume zone after the move below the opening range low. The timing was confirmed when Kijun slipped under at 10:40, momentum held bearish, and options flow flipped to puts at 10:50 with a $90 call wall capping upside.
HOOD paid on the short side: the put entered at $89.23 at 10:30am and exited at $88.14 at 12:00pm for a $1.09 win over a 1 hour 30 minute hold, though the $0.73 per hour pace was only moderate for the time risk. Z3 didn’t confirm right away, but it finally flashed bearish at 11:40am, 14 bars after entry, and that single cape bar still hit a strong -2.22. Options flow leaned bullish at entry, then flipped bearish at 10:50am and stayed that way into the exit, while the $90.00 call wall capped upside and the $85.00 put wall sat well below as the next major support. Momentum confirmed when sellers took control at 10:40am, price lost the Kijun that same minute, and the trade was working under a fresh bearish volume anchor with price already below the opening range low and rejection holding under the session’s key volume zone.
Verdict: it worked, but it was more of a late-confirming, theta-heavy grind than a clean fast flush, so the hold was valid but not especially efficient.