Deep-pocketed investors have adopted a bullish approach towards Roblox RBLX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RBLX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Roblox. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 63% leaning bullish and 36% bearish. Among these notable options, 4 are puts, totaling $140,295, and 7 are calls, amounting to $281,268.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $47.5 for Roblox over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Roblox's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Roblox's significant trades, within a strike price range of $27.5 to $47.5, over the past month.
Roblox Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RBLX | CALL | SWEEP | BULLISH | 01/17/25 | $9.35 | $9.25 | $9.35 | $32.50 | $75.7K | 583 | 81 |
| RBLX | CALL | TRADE | BULLISH | 01/17/25 | $7.5 | $7.4 | $7.5 | $37.50 | $45.7K | 914 | 364 |
| RBLX | CALL | SWEEP | BULLISH | 05/17/24 | $2.7 | $2.67 | $2.69 | $37.50 | $39.5K | 1.1K | 148 |
| RBLX | PUT | SWEEP | BEARISH | 05/03/24 | $1.87 | $1.86 | $1.87 | $37.00 | $37.4K | 1.9K | 200 |
| RBLX | CALL | SWEEP | BEARISH | 04/19/24 | $9.65 | $9.55 | $9.55 | $27.50 | $37.2K | 1.2K | 39 |
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.
Following our analysis of the options activities associated with Roblox, we pivot to a closer look at the company's own performance.
Present Market Standing of Roblox
- With a trading volume of 2,304,468, the price of RBLX is up by 0.79%, reaching $36.95.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 23 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 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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