Financial giants have made a conspicuous bullish move on Roblox. Our analysis of options history for Roblox RBLX revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $204,149, and 5 were calls, valued at $197,476.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $55.0 for Roblox over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Roblox stands at 1437.33, with a total volume reaching 3,003.00. 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 $42.5 to $55.0, throughout the last 30 days.
Roblox 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RBLX | PUT | SWEEP | BEARISH | 01/17/25 | $55.00 | $78.4K | 515 | 23 |
| RBLX | PUT | TRADE | NEUTRAL | 01/17/25 | $55.00 | $60.2K | 515 | 122 |
| RBLX | CALL | SWEEP | BEARISH | 01/05/24 | $49.00 | $56.2K | 1.4K | 0 |
| RBLX | CALL | SWEEP | BULLISH | 01/12/24 | $50.00 | $53.7K | 2.2K | 107 |
| RBLX | PUT | SWEEP | BULLISH | 01/17/25 | $52.50 | $37.0K | 70 | 59 |
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.
Roblox's Current Market Status
- Currently trading with a volume of 2,439,574, the RBLX's price is up by 0.13%, now at $46.44.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 49 days.
What The Experts Say On Roblox
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $49.0.
- Reflecting concerns, an analyst from Wells Fargo lowers its rating to Overweight with a new price target of $49.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Roblox options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
