Financial giants have made a conspicuous bearish move on Roku. Our analysis of options history for Roku ROKU revealed 27 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 59% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $126,420, and 25 were calls, valued at $1,127,758.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $110.0 for Roku during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Roku's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Roku's significant trades, within a strike price range of $20.0 to $110.0, over the past month.
Roku Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ROKU | CALL | SWEEP | NEUTRAL | 01/17/25 | $20.00 | $230.2K | 102 | 0 |
| ROKU | CALL | TRADE | NEUTRAL | 12/20/24 | $70.00 | $72.4K | 225 | 0 |
| ROKU | CALL | SWEEP | NEUTRAL | 07/19/24 | $55.00 | $68.2K | 69 | 50 |
| ROKU | PUT | TRADE | NEUTRAL | 03/28/24 | $87.00 | $65.5K | 31 | 0 |
| ROKU | PUT | TRADE | BEARISH | 04/19/24 | $65.00 | $60.9K | 3.5K | 34 |
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.
Present Market Standing of Roku
- Currently trading with a volume of 2,455,240, the ROKU's price is up by 1.74%, now at $64.82.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 55 days.
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 Roku with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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