Spotlight on Roku: Analyzing the Surge in Options Activity

High-rolling investors have positioned themselves bullish on Roku ROKU, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ROKU often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 9 options trades for Roku. This is not a typical pattern.

The sentiment among these major traders is split, with 66% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $261,000, and 8 calls, totaling $589,785.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $70.0 for Roku over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Roku stands at 1238.0, with a total volume reaching 1,066.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Roku, situated within the strike price corridor from $45.0 to $70.0, throughout the last 30 days.

Roku Option Volume And Open Interest Over Last 30 Days

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 $4.35 $4.25 $4.35 $45.00 $261.0K 690 0
ROKU CALL SWEEP BULLISH 10/18/24 $13.0 $12.85 $13.0 $60.00 $200.2K 106 0
ROKU CALL SWEEP BULLISH 07/19/24 $5.55 $5.4 $5.55 $70.00 $94.3K 1.4K 64
ROKU CALL SWEEP BULLISH 06/21/24 $4.55 $4.45 $4.55 $70.00 $90.0K 2.2K 229
ROKU CALL SWEEP BULLISH 09/20/24 $10.0 $9.85 $10.0 $65.00 $79.0K 1.0K 84

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.

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

Where Is Roku Standing Right Now?

  • Currently trading with a volume of 1,294,365, the ROKU's price is up by 0.16%, now at $60.95.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 15 days.

Professional Analyst Ratings for Roku

In the last month, 1 experts released ratings on this stock with an average target price of $60.0.

  • An analyst from Morgan Stanley has decided to maintain their Underweight rating on Roku, which currently sits at a price target of $60.

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.

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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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