Market Whales and Their Recent Bets on ROKU Options

Financial giants have made a conspicuous bearish move on Roku. Our analysis of options history for Roku ROKU revealed 10 unusual trades.

Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $221,320, and 8 were calls, valued at $269,249.

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What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $100.0 for Roku over the recent three months.

Insights into 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 Roku's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Roku's significant trades, within a strike price range of $60.0 to $100.0, over the past month.

Roku Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Roku, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Roku's Current Market Status

• With a volume of 2,677,820, the price of ROKU is down -0.01% at $91.59.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 35 days.

Expert Opinions on Roku

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $70.5.

• An analyst from Seaport Global has revised its rating downward to Sell, adjusting the price target to $75.
• In a cautious move, an analyst from MoffettNathanson downgraded its rating to Sell, setting a price target of $66.

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 Roku with Benzinga Pro for real-time alerts.