Deep-pocketed investors have adopted a bullish approach towards Roblox RBLX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RBLX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Roblox. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 57% leaning bullish and 42% bearish. Among these notable options, 6 are puts, totaling $635,551, and 8 are calls, amounting to $791,820.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $32.5 and $60.0 for Roblox, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Roblox stands at 3898.57, with a total volume reaching 3,681.00. 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 $32.5 to $60.0, throughout the last 30 days.
Roblox 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RBLX | PUT | TRADE | BEARISH | 07/19/24 | $35.00 | $280.0K | 59 | 0 |
| RBLX | CALL | TRADE | BEARISH | 01/17/25 | $60.00 | $235.0K | 4.2K | 504 |
| RBLX | CALL | SWEEP | BULLISH | 06/21/24 | $60.00 | $187.1K | 3.4K | 1 |
| RBLX | CALL | TRADE | BEARISH | 06/21/24 | $32.50 | $123.3K | 343 | 100 |
| RBLX | CALL | SWEEP | BEARISH | 04/19/24 | $60.00 | $105.1K | 3.5K | 1.2K |
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.
After a thorough review of the options trading surrounding Roblox, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Roblox
- With a trading volume of 3,394,007, the price of RBLX is up by 2.0%, reaching $42.75.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 41 days from now.
What The Experts Say On Roblox
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $49.0.
- In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a 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.
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