Whales with a lot of money to spend have taken a noticeably bearish stance on Roku.
Looking at options history for Roku ROKU we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $120,690 and 5, calls, for a total amount of $297,146.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $90.0 for Roku over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Roku's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Roku's whale activity within a strike price range from $55.0 to $90.0 in the last 30 days.
Roku Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROKU | CALL | SWEEP | NEUTRAL | 07/19/24 | $4.8 | $4.75 | $4.75 | $55.00 | $70.7K | 557 | 157 |
| ROKU | CALL | SWEEP | BEARISH | 07/19/24 | $2.31 | $2.28 | $2.31 | $60.00 | $69.7K | 2.8K | 344 |
| ROKU | CALL | SWEEP | BEARISH | 06/14/24 | $0.93 | $0.88 | $0.9 | $58.00 | $63.8K | 770 | 1.3K |
| ROKU | CALL | TRADE | NEUTRAL | 06/14/24 | $0.61 | $0.59 | $0.6 | $59.00 | $59.8K | 600 | 1.3K |
| ROKU | PUT | SWEEP | BEARISH | 01/17/25 | $13.4 | $13.35 | $13.4 | $65.00 | $54.9K | 1.8K | 41 |
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.
Following our analysis of the options activities associated with Roku, we pivot to a closer look at the company's own performance.
Current Position of Roku
- With a volume of 827,912, the price of ROKU is up 0.35% at $57.55.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 45 days.
Professional Analyst Ratings for Roku
1 market experts have recently issued ratings for this stock, with a consensus target price of $100.0.
- Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $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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