Roku Whale Trades For September 09

A whale with a lot of money to spend has taken a noticeably bullish stance on Roku.

Looking at options history for Roku ROKU we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $232,238 and 7, calls, for a total amount of $358,959.

Latest Startup Investment Opportunities:

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 $60.0 to $85.0 for Roku over the last 3 months.

Volume & Open Interest Development

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 $60.0 to $85.0 in the last 30 days.

Roku Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ROKU CALL SWEEP BEARISH 09/16/22 $70.00 $80.0K 1.6K 488
ROKU CALL TRADE BEARISH 10/21/22 $70.00 $74.0K 972 451
ROKU CALL TRADE BULLISH 01/19/24 $60.00 $57.6K 154 20
ROKU PUT SWEEP BEARISH 01/19/24 $60.00 $53.7K 1.8K 46
ROKU PUT SWEEP BULLISH 09/16/22 $71.00 $51.4K 507 336

Where Is Roku Standing Right Now?

  • With a volume of 3,194,103, the price of ROKU is up 2.14% at $70.75.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 54 days.

What The Experts Say On Roku:

  • Truist Securities has decided to maintain their Buy rating on Roku, which currently sits at a price target of $90.
  • Pivotal Research upgraded its action to Hold with a price target of $60

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Roku, Benzinga Pro gives you real-time options trades alerts.

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ROKURoku Inc
$78.885.74%

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