Financial giants have made a conspicuous bearish move on Roku. Our analysis of options history for Roku ROKU revealed 13 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 61% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $205,940, and 10 were calls, valued at $460,745.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $85.0 for Roku over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Roku options trades today is 1592.82 with a total volume of 3,746.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Roku's big money trades within a strike price range of $55.0 to $85.0 over the last 30 days.
Roku Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ROKU | PUT | TRADE | NEUTRAL | 05/17/24 | $55.00 | $97.5K | 1.2K | 322 |
| ROKU | CALL | SWEEP | BEARISH | 12/20/24 | $65.00 | $87.3K | 758 | 64 |
| ROKU | CALL | TRADE | BULLISH | 04/19/24 | $60.00 | $66.0K | 1.2K | 224 |
| ROKU | PUT | TRADE | BEARISH | 04/19/24 | $85.00 | $64.7K | 979 | 41 |
| ROKU | CALL | SWEEP | BEARISH | 05/17/24 | $85.00 | $53.4K | 856 | 592 |
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.
Where Is Roku Standing Right Now?
- Trading volume stands at 3,486,397, with ROKU's price down by -1.13%, positioned at $62.31.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 50 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
