Financial giants have made a conspicuous bullish move on Roblox. Our analysis of options history for Roblox RBLX revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $99,085, and 7 were calls, valued at $363,867.
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 $30.0 to $55.0 for Roblox over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Roblox stands at 2890.67, with a total volume reaching 843.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Roblox, situated within the strike price corridor from $30.0 to $55.0, throughout the last 30 days.
Roblox Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RBLX | CALL | SWEEP | BULLISH | 01/19/24 | $30.00 | $99.0K | 9.8K | 101 |
| RBLX | CALL | SWEEP | BEARISH | 01/17/25 | $45.00 | $65.1K | 2.5K | 83 |
| RBLX | CALL | SWEEP | BULLISH | 12/29/23 | $43.00 | $61.8K | 1.0K | 12 |
| RBLX | CALL | SWEEP | BEARISH | 04/19/24 | $42.50 | $46.3K | 5.4K | 114 |
| RBLX | PUT | SWEEP | BULLISH | 09/20/24 | $55.00 | $37.9K | 2 | 23 |
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.
Having examined the options trading patterns of Roblox, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Roblox's Current Market Status
- With a volume of 2,806,127, the price of RBLX is down -0.2% at $40.75.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 65 days.
Professional Analyst Ratings for Roblox
5 market experts have recently issued ratings for this stock, with a consensus target price of $37.4.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Roblox, targeting a price of $26.
- In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $46.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Roblox with a target price of $37.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Roblox, targeting a price of $26.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Roblox with a target price of $52.
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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