What Are Whales Doing With Roku

Someone with a lot of money to spend has taken a bearish stance on Roku ROKU.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ROKU, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 19 options trades for Roku.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.

Out of all of the options we uncovered, 18 are puts, for a total amount of $1,101,654, and there was 1 call, for a total amount of $52,200.

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What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $280.0 for Roku over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Roku options trades today is 667.15 with a total volume of 2,713.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Roku's big money trades within a strike price range of $50.0 to $280.0 over the last 30 days.

Roku Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Roku Standing Right Now?

• With a volume of 3,535,356, the price of ROKU is up 0.86% at $73.88.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 50 days.

What The Experts Say On Roku:

• Pivotal Research upgraded its action to Hold with a price target of $80
• Wolfe Research downgraded its action to Peer Perform with a price target of $101

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Roku, Benzinga Pro gives you real-time options trades alerts.