Investors with a lot of money to spend have taken a bullish stance on Roblox RBLX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RBLX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Roblox.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $75,180, and 8 are calls, for a total amount of $513,071.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.5 to $65.0 for Roblox during the past quarter.
Volume & Open Interest Trends
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 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 activity within a strike price range from $32.5 to $65.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RBLX | CALL | SWEEP | BEARISH | 10/18/24 | $1.32 | $1.31 | $1.32 | $50.00 | $90.6K | 1.8K | 580 |
| RBLX | CALL | SWEEP | BULLISH | 10/18/24 | $1.39 | $1.34 | $1.39 | $50.00 | $86.6K | 1.8K | 2.1K |
| RBLX | CALL | SWEEP | BEARISH | 09/20/24 | $1.05 | $1.01 | $1.02 | $50.00 | $85.4K | 4.3K | 56 |
| RBLX | CALL | SWEEP | BULLISH | 12/20/24 | $0.71 | $0.64 | $0.71 | $65.00 | $71.1K | 532 | 0 |
| RBLX | CALL | SWEEP | BEARISH | 10/18/24 | $1.35 | $1.33 | $1.34 | $50.00 | $57.6K | 1.8K | 55 |
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.
Following our analysis of the options activities associated with Roblox, we pivot to a closer look at the company's own performance.
Roblox's Current Market Status
- With a trading volume of 1,322,732, the price of RBLX is down by -0.23%, reaching $39.7.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 13 days from now.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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