Roku Unusual Options Activity For March 22

A whale with a lot of money to spend has taken a noticeably bearish stance on Roku.

Looking at options history for Roku ROKU we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 90% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $340,144 and 4, calls, for a total amount of $149,855.

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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 $20.0 to $160.0 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 533.8 with a total volume of 242.00.

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 $20.0 to $160.0 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 3,167,440, the price of ROKU is down -1.2% at $65.12.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 36 days.

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.