Looking At Roblox's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Roblox.

Looking at options history for Roblox RBLX we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $250,482 and 4, calls, for a total amount of $120,981.

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Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $47.5 for Roblox, spanning the last three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $25.0 to $47.5 in the last 30 days.

Roblox 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
RBLX PUT SWEEP BEARISH 01/17/25 $8.7 $8.65 $8.7 $40.00 $144.4K 2.4K 319
RBLX CALL SWEEP BEARISH 05/03/24 $1.06 $1.03 $1.03 $35.00 $41.0K 114 1.0K
RBLX PUT SWEEP BULLISH 10/18/24 $13.2 $13.1 $13.1 $47.50 $40.6K 7 1
RBLX PUT TRADE BULLISH 06/21/24 $3.05 $3.0 $3.0 $35.00 $38.7K 3.2K 157
RBLX CALL SWEEP BULLISH 05/17/24 $10.4 $10.25 $10.35 $25.00 $26.9K 35 26

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.

Roblox's Current Market Status

  • With a trading volume of 2,312,708, the price of RBLX is down by -4.01%, reaching $34.84.
  • Current RSI values indicate that the stock is may be approaching oversold.
  • Next earnings report is scheduled for 15 days from now.

What The Experts Say On Roblox

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $50.333333333333336.

  • An analyst from Stifel has decided to maintain their Buy rating on Roblox, which currently sits at a price target of $53.
  • Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $48.
  • Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $50.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Roblox with Benzinga Pro for real-time alerts.

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