Whales with a lot of money to spend have taken a noticeably bullish stance on Roblox.
Looking at options history for Roblox RBLX we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $443,678 and 4, calls, for a total amount of $137,945.
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 $37.5 to $60.0 for Roblox during the past quarter.
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 $37.5 to $60.0 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 | PUT | SWEEP | BEARISH | 08/16/24 | $19.05 | $17.85 | $19.05 | $60.00 | $167.6K | 97 | 132 |
| RBLX | PUT | SWEEP | BEARISH | 08/16/24 | $4.45 | $4.4 | $4.45 | $42.50 | $52.5K | 639 | 120 |
| RBLX | PUT | TRADE | BULLISH | 08/16/24 | $19.5 | $19.1 | $19.15 | $60.00 | $51.7K | 97 | 11 |
| RBLX | PUT | SWEEP | BULLISH | 01/16/26 | $7.25 | $7.15 | $7.15 | $37.50 | $46.4K | 829 | 70 |
| RBLX | CALL | SWEEP | BEARISH | 09/20/24 | $1.05 | $1.01 | $1.01 | $50.00 | $42.7K | 4.2K | 435 |
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 1,656,343, the RBLX's price is up by 2.28%, now at $40.87.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 7 days.
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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