Financial giants have made a conspicuous bearish move on Roblox. Our analysis of options history for Roblox RBLX revealed 16 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $1,501,221, and 3 were calls, valued at $158,425.
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 $25.0 to $50.0 for Roblox during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Roblox options trades today is 1065.17 with a total volume of 7,819.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Roblox's big money trades within a strike price range of $25.0 to $50.0 over the last 30 days.
Roblox 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RBLX | PUT | TRADE | BEARISH | 05/17/24 | $42.50 | $635.0K | 660 | 2.0K |
| RBLX | PUT | TRADE | BEARISH | 05/17/24 | $42.50 | $187.1K | 660 | 2.0K |
| RBLX | PUT | TRADE | NEUTRAL | 05/17/24 | $42.50 | $167.0K | 660 | 1.0K |
| RBLX | PUT | SWEEP | BULLISH | 01/17/25 | $42.50 | $88.7K | 921 | 234 |
| RBLX | CALL | SWEEP | BULLISH | 04/19/24 | $25.00 | $63.8K | 533 | 105 |
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
Where Is Roblox Standing Right Now?
- Currently trading with a volume of 2,866,306, the RBLX's price is up by 1.26%, now at $37.76.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 42 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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