Investors with a lot of money to spend have taken a bearish stance on Roku ROKU.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ROKU, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 30 uncommon options trades for Roku.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $494,308, and 21 are calls, for a total amount of $1,541,043.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $130.0 for Roku over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Roku's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Roku's whale trades within a strike price range from $70.0 to $130.0 in the last 30 days.
Roku 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ROKU | CALL | TRADE | NEUTRAL | 02/16/24 | $90.00 | $381.0K | 1.2K | 745 |
| ROKU | PUT | TRADE | BULLISH | 01/17/25 | $70.00 | $185.0K | 1.4K | 202 |
| ROKU | CALL | SWEEP | BULLISH | 12/20/24 | $90.00 | $160.0K | 3 | 125 |
| ROKU | CALL | SWEEP | BULLISH | 12/20/24 | $90.00 | $107.1K | 3 | 50 |
| ROKU | CALL | TRADE | BEARISH | 01/26/24 | $93.00 | $95.1K | 2.3K | 3.1K |
About Roku
Roku is the leading streaming platform in the U.S. by hours watched with 87.4 billion hours of content streamed in 2022. The firm's namesake operating system is used not only in Roku's own hardware but in cobranded TVs and soundbars from manufacturers like TCL, Onn, and Hisense. Roku generates revenue from advertising, distribution fees, hardware sales, OS licensing, and subscription sales.
Having examined the options trading patterns of Roku, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Roku
- With a volume of 3,713,386, the price of ROKU is up 2.5% at $90.67.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 22 days.
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 Roku, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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