Whales with a lot of money to spend have taken a noticeably bearish stance on Roku.
Looking at options history for Roku ROKU we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $92,670 and 15, calls, for a total amount of $748,508.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $86.0 to $150.0 for Roku over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $86.0 to $150.0 in the last 30 days.
Roku 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ROKU | CALL | SWEEP | NEUTRAL | 02/09/24 | $92.00 | $193.9K | 1.1K | 531 |
| ROKU | CALL | TRADE | NEUTRAL | 02/16/24 | $90.00 | $92.0K | 1.7K | 67 |
| ROKU | CALL | SWEEP | BULLISH | 02/23/24 | $90.00 | $55.5K | 642 | 51 |
| ROKU | CALL | SWEEP | BULLISH | 02/23/24 | $90.00 | $53.0K | 642 | 50 |
| ROKU | CALL | SWEEP | BULLISH | 02/16/24 | $100.00 | $52.1K | 3.8K | 190 |
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.
Following our analysis of the options activities associated with Roku, we pivot to a closer look at the company's own performance.
Current Position of Roku
- Currently trading with a volume of 1,701,933, the ROKU's price is up by 0.79%, now at $95.45.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 6 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Roku options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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