Financial giants have made a conspicuous bullish move on Roku. Our analysis of options history for Roku ROKU revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $392,695, and 3 were calls, valued at $111,682.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $95.0 for Roku over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Roku's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Roku's substantial trades, within a strike price spectrum from $40.0 to $95.0 over the preceding 30 days.
Roku 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| 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 | $2.49 | $2.3 | $2.47 | $40.00 | $148.2K | 530 | 602 |
| ROKU | PUT | SWEEP | BEARISH | 06/21/24 | $6.9 | $6.8 | $6.9 | $65.00 | $93.1K | 1.9K | 135 |
| ROKU | PUT | TRADE | BULLISH | 01/17/25 | $32.9 | $32.7 | $32.7 | $95.00 | $65.4K | 463 | 21 |
| ROKU | PUT | SWEEP | BEARISH | 06/20/25 | $9.9 | $9.75 | $9.9 | $55.00 | $55.4K | 22 | 57 |
| ROKU | CALL | SWEEP | BULLISH | 04/12/24 | $1.13 | $1.08 | $1.13 | $70.00 | $53.5K | 1.2K | 565 |
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.
Current Position of Roku
- With a trading volume of 1,896,285, the price of ROKU is down by -0.35%, reaching $65.35.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 27 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 Roku 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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