Whales with a lot of money to spend have taken a noticeably bearish stance on Roblox.
Looking at options history for Roblox RBLX we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $231,199 and 5, calls, for a total amount of $270,165.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $32.5 to $52.5 for Roblox over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Roblox'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 Roblox's whale trades within a strike price range from $32.5 to $52.5 in the last 30 days.
Roblox Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RBLX | CALL | SWEEP | BEARISH | 01/16/26 | $35.00 | $124.5K | 303 | 71 |
| RBLX | PUT | SWEEP | BEARISH | 12/20/24 | $52.50 | $90.4K | 118 | 0 |
| RBLX | CALL | TRADE | NEUTRAL | 01/16/26 | $40.00 | $48.6K | 1.2K | 0 |
| RBLX | PUT | TRADE | BEARISH | 06/21/24 | $40.00 | $42.2K | 3.3K | 89 |
| RBLX | PUT | SWEEP | BULLISH | 01/17/25 | $40.00 | $37.8K | 1.3K | 1 |
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
Present Market Standing of Roblox
- Trading volume stands at 2,362,334, with RBLX's price down by -0.42%, positioned at $37.53.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 47 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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