Whales with a lot of money to spend have taken a noticeably bullish stance on Roblox.
Looking at options history for Roblox RBLX we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $1,057,671 and 9, calls, for a total amount of $332,700.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $52.5 for Roblox, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Roblox stands at 3267.44, with a total volume reaching 14,733.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Roblox, situated within the strike price corridor from $30.0 to $52.5, throughout the last 30 days.
Roblox Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RBLX | PUT | TRADE | BULLISH | 02/09/24 | $43.00 | $253.8K | 1.1K | 1.0K |
| RBLX | PUT | SWEEP | BULLISH | 01/17/25 | $30.00 | $155.0K | 14.2K | 1.2K |
| RBLX | PUT | SWEEP | BULLISH | 01/17/25 | $30.00 | $155.0K | 14.2K | 501 |
| RBLX | PUT | SWEEP | BULLISH | 02/09/24 | $43.00 | $142.1K | 1.1K | 423 |
| RBLX | PUT | SWEEP | BULLISH | 01/17/25 | $30.00 | $92.0K | 14.2K | 798 |
About Roblox
Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm effectively offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning revenue in multiple places while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers then creating new games or franchises.
Where Is Roblox Standing Right Now?
- With a trading volume of 6,087,151, the price of RBLX is up by 0.28%, reaching $38.8.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 16 days from now.
What The Experts Say On Roblox
2 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.
- In a cautious move, an analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $55.
- An analyst from Goldman Sachs persists with their Sell rating on Roblox, maintaining a target price of $35.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Roblox, Benzinga Pro gives you real-time options trades alerts.
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