Roku Unusual Options Activity

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

Looking at options history for Roku ROKU we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $185,090 and 8, calls, for a total amount of $818,397.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $135.0 for Roku, 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 Roku'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 Roku's whale activity within a strike price range from $55.0 to $135.0 in the last 30 days.

Roku Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

Following our analysis of the options activities associated with Roku, we pivot to a closer look at the company's own performance.

Roku's Current Market Status

• Trading volume stands at 2,942,775, with ROKU's price down by -0.03%, positioned at $86.58.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 41 days.

Professional Analyst Ratings for Roku

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $70.5.

• Reflecting concerns, an analyst from Seaport Global lowers its rating to Sell with a new price target of $75.
• An analyst from MoffettNathanson downgraded its action to Sell with a price target of $66.

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.