Financial giants have made a conspicuous bullish move on Roblox. Our analysis of options history for Roblox (NYSE:RBLX) revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $163,655, and 7 were calls, valued at $230,360.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $50.0 for Roblox during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Roblox's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Roblox's substantial trades, within a strike price spectrum from $25.0 to $50.0 over the preceding 30 days.
Roblox 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RBLX | PUT | SWEEP | BULLISH | 09/20/24 | $3.1 | $3.05 | $3.05 | $35.00 | $108.2K | 3.9K | 418 |
| RBLX | PUT | SWEEP | BULLISH | 09/20/24 | $14.25 | $14.2 | $14.2 | $50.00 | $55.3K | 1 | 46 |
| RBLX | CALL | TRADE | BULLISH | 01/16/26 | $11.95 | $10.55 | $11.7 | $32.50 | $47.9K | 514 | 41 |
| RBLX | CALL | TRADE | BULLISH | 06/20/25 | $13.9 | $13.85 | $13.9 | $25.00 | $34.7K | 247 | 0 |
| RBLX | CALL | SWEEP | NEUTRAL | 10/18/24 | $6.2 | $6.1 | $6.15 | $32.50 | $34.4K | 590 | 57 |
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.
Where Is Roblox Standing Right Now? With a trading volume of 655,213, the price of RBLX is up by 0.31%, reaching $35.71. Current RSI values indicate that the stock is may be overbought. Next earnings report is scheduled for 62 days from now. What Analysts Are Saying About Roblox
5 market experts have recently issued ratings for this stock, with a consensus target price of $40.6.
Consistent in their evaluation, an analyst from BTIG keeps a Buy rating on Roblox with a target price of $46. An analyst from Deutsche Bank persists with their Buy rating on Roblox, maintaining a target price of $40. An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $40. Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Roblox, targeting a price of $37. An analyst from Needham persists with their Buy rating on Roblox, maintaining a target price of $40.
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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