Barchart Insights

Tue, Jun 24, 2025, 6:50 AM2 min read

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.

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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.

• 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.

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.

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.

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.