27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bearish move on Roku. Our analysis of options history for Roku (NASDAQ:ROKU) revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $467,242, and 7 were calls, valued at $375,288.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $65.0 for Roku during the past quarter.
Volume & Open Interest Trends
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 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 trades within a strike price range from $50.0 to $65.0 in the last 30 days.
Roku 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROKU | PUT | TRADE | BEARISH | 12/20/24 | $6.0 | $5.85 | $5.95 | $50.00 | $357.0K | 1.0K | 600 |
| ROKU | CALL | SWEEP | BULLISH | 01/16/26 | $24.8 | $24.25 | $24.64 | $55.00 | $73.8K | 509 | 30 |
| ROKU | CALL | SWEEP | BEARISH | 04/26/24 | $6.0 | $5.6 | $5.6 | $60.00 | $67.2K | 136 | 120 |
| ROKU | CALL | SWEEP | BEARISH | 05/17/24 | $5.1 | $5.05 | $5.05 | $65.00 | $65.6K | 1.8K | 68 |
| ROKU | PUT | TRADE | BULLISH | 10/18/24 | $8.95 | $8.75 | $8.8 | $60.00 | $64.2K | 327 | 77 |
About Roku
Roku is the leading streaming platform in the U.S. by hours watched with 87.4 billion hours of content streamed in 2022. The firm's namesake operating system is used not only in Roku's own hardware but in cobranded TVs and soundbars from manufacturers like TCL, Onn, and Hisense. Roku generates revenue from advertising, distribution fees, hardware sales, OS licensing, and subscription sales.
After a thorough review of the options trading surrounding Roku, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Roku's Current Market Status
- Currently trading with a volume of 1,475,789, the ROKU's price is up by 0.85%, now at $62.75.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 20 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 Roku with Benzinga Pro for real-time alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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