A Closer Look at Roblox's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish 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 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $390,963, and 6 are calls, for a total amount of $729,052.

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Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $32.5 to $42.0 for Roblox over the last 3 months.

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 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 $42.0 in the last 30 days.

Roblox Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

In light of the recent options history for Roblox, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Roblox Standing Right Now?

• Currently trading with a volume of 4,241,426, the RBLX's price is up by 3.42%, now at $40.2.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 63 days.

What The Experts Say On Roblox

In the last month, 5 experts released ratings on this stock with an average target price of $50.6.

• An analyst from Needham persists with their Buy rating on Roblox, maintaining a target price of $55.
• Showing optimism, an analyst from Barclays upgrades its rating to Equal-Weight with a revised price target of $46.
• An analyst from Goldman Sachs has decided to maintain their Neutral rating on Roblox, which currently sits at a price target of $48.
• In a positive move, an analyst from Goldman Sachs has upgraded their rating to Neutral and adjusted the price target to $48.
• Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Roblox, targeting a price of $56.

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 Roblox, Benzinga Pro gives you real-time options trades alerts.