Roblox's Options: A Look at What the Big Money is Thinking

High-rolling investors have positioned themselves bullish on Roblox RBLX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RBLX often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for Roblox. This is not a typical pattern.

The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $31,000, and 7 calls, totaling $827,835.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $37.5 to $60.0 for Roblox over the recent three 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 Roblox'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 Roblox's whale activity within a strike price range from $37.5 to $60.0 in the last 30 days.

Roblox Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

Having examined the options trading patterns of Roblox, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Roblox

• With a volume of 4,136,793, the price of RBLX is up 0.19% at $42.4.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 84 days.

What The Experts Say On Roblox

5 market experts have recently issued ratings for this stock, with a consensus target price of $49.8.

• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Roblox, targeting a price of $48.
• In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $46.
• An analyst from Barclays upgraded its action to Equal-Weight with a price target of $46.
• An analyst from Wedbush persists with their Outperform rating on Roblox, maintaining a target price of $56.
• An analyst from Wedbush downgraded its action to Outperform with a price target of $53.

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.