Deep-pocketed investors have adopted a bullish approach towards Roku ROKU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ROKU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Roku. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $199,050, and 8 are calls, amounting to $462,298.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $115.0 for Roku, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Roku options trades today is 1524.3 with a total volume of 1,653.00.
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 $60.0 to $115.0 over the last 30 days.
Roku 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ROKU | CALL | TRADE | BEARISH | 09/20/24 | $65.00 | $155.9K | 822 | 0 |
| ROKU | PUT | TRADE | BEARISH | 03/15/24 | $70.00 | $107.6K | 1.6K | 30 |
| ROKU | CALL | TRADE | BEARISH | 06/21/24 | $70.00 | $83.2K | 2.1K | 0 |
| ROKU | CALL | TRADE | BULLISH | 03/22/24 | $65.00 | $50.8K | 1.3K | 36 |
| ROKU | CALL | TRADE | BEARISH | 01/16/26 | $60.00 | $48.3K | 436 | 21 |
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.
Having examined the options trading patterns of Roku, 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 Roku
- Currently trading with a volume of 1,104,570, the ROKU's price is down by -0.25%, now at $64.5.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 40 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.
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