Financial giants have made a conspicuous bearish move on Roblox. Our analysis of options history for Roblox RBLX revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $143,797, and 6 were calls, valued at $487,978.
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 $20.0 to $47.5 for Roblox over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Roblox's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Roblox's substantial trades, within a strike price spectrum from $20.0 to $47.5 over the preceding 30 days.
Roblox Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RBLX | CALL | SWEEP | BEARISH | 10/18/24 | $35.00 | $137.2K | 217 | 123 |
| RBLX | CALL | SWEEP | BEARISH | 03/08/24 | $42.00 | $112.4K | 824 | 803 |
| RBLX | PUT | SWEEP | BULLISH | 04/19/24 | $47.50 | $111.0K | 472 | 0 |
| RBLX | CALL | SWEEP | BEARISH | 07/19/24 | $35.00 | $86.4K | 189 | 1 |
| RBLX | CALL | SWEEP | BEARISH | 07/19/24 | $35.00 | $69.3K | 189 | 158 |
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.
Following our analysis of the options activities associated with Roblox, we pivot to a closer look at the company's own performance.
Where Is Roblox Standing Right Now?
- Currently trading with a volume of 3,346,847, the RBLX's price is down by -0.97%, now at $42.0.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 75 days.
Expert Opinions on Roblox
5 market experts have recently issued ratings for this stock, with a consensus target price of $50.0.
- Showing optimism, an analyst from Goldman Sachs upgrades its rating to Neutral with a revised price target of $48.
- Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Roblox with a target price of $55.
- In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $53.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Roblox with a target price of $48.
- An analyst from Barclays has elevated its stance to Equal-Weight, setting a new price target at $46.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Roblox with Benzinga Pro for real-time alerts.
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