Investors with a lot of money to spend have taken a bearish stance on Roblox RBLX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RBLX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Roblox.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $187,226, and 6 are calls, for a total amount of $255,221.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.5 to $50.0 for Roblox over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Roblox options trades today is 2127.75 with a total volume of 1,666.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Roblox's big money trades within a strike price range of $22.5 to $50.0 over the last 30 days.
Roblox Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RBLX | CALL | TRADE | BULLISH | 01/15/27 | $25.7 | $24.45 | $25.7 | $22.50 | $77.1K | 0 | 30 |
| RBLX | PUT | TRADE | NEUTRAL | 10/25/24 | $2.62 | $2.38 | $2.5 | $44.00 | $75.0K | 911 | 304 |
| RBLX | CALL | SWEEP | BEARISH | 10/18/24 | $9.8 | $9.6 | $9.65 | $35.00 | $55.9K | 1.2K | 59 |
| RBLX | PUT | SWEEP | BULLISH | 10/11/24 | $2.0 | $1.99 | $1.99 | $44.50 | $53.8K | 299 | 688 |
| RBLX | CALL | SWEEP | BEARISH | 11/15/24 | $2.08 | $1.99 | $2.04 | $50.00 | $38.4K | 11.2K | 233 |
About Roblox
Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm effectively offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning revenue in multiple places while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers then creating new games or franchises.
In light of the recent options history for Roblox, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Roblox Standing Right Now?
- Trading volume stands at 1,539,324, with RBLX's price up by 0.4%, positioned at $44.36.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 37 days.
Expert Opinions on Roblox
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $52.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from BTIG continues to hold a Buy rating for Roblox, targeting a price of $51. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Roblox with a target price of $53.
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 Roblox with Benzinga Pro for real-time alerts.
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