Benzinga's options scanner has just identified more than 8 option transactions on Roku ROKU, with a cumulative value of $294,308. Concurrently, our algorithms picked up 4 puts, worth a total of 183,405.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $47.0 to $100.0 for Roku over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Roku's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Roku's substantial trades, within a strike price spectrum from $47.0 to $100.0 over the preceding 30 days.
Roku Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROKU | PUT | SWEEP | BULLISH | 10/18/24 | $37.35 | $37.1 | $37.12 | $95.00 | $55.6K | 2 | 0 |
| ROKU | CALL | SWEEP | BULLISH | 09/20/24 | $8.85 | $8.75 | $8.85 | $55.00 | $51.3K | 857 | 61 |
| ROKU | PUT | SWEEP | BEARISH | 06/14/24 | $1.41 | $1.4 | $1.41 | $58.00 | $50.3K | 486 | 938 |
| ROKU | CALL | SWEEP | BULLISH | 06/07/24 | $10.5 | $9.45 | $10.5 | $47.00 | $44.1K | 0 | 0 |
| ROKU | PUT | SWEEP | BULLISH | 06/14/24 | $1.42 | $1.39 | $1.39 | $58.00 | $41.9K | 486 | 582 |
About Roku
Roku enables consumers to stream television programming. It has more than 80 million streaming households and provided well over 100 billion streaming hours in 2023. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.
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
- With a trading volume of 1,602,845, the price of ROKU is down by -0.12%, reaching $57.9.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 48 days from now.
Expert Opinions on Roku
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $100.0.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $100.
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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