A whale with a lot of money to spend has taken a noticeably bearish stance on Roblox.
Looking at options history for Roblox (NYSE:RBLX) we detected 51 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 24 are puts, for a total amount of $3,610,188 and 27, calls, for a total amount of $1,961,671.
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 $35.0 to $70.0 for Roblox over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Roblox options trades today is 2190.72 with a total volume of 42,328.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Roblox's big money trades within a strike price range of $35.0 to $70.0 over the last 30 days.
Roblox Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RBLX | PUT | TRADE | BEARISH | 11/18/22 | $43.00 | $1.5M | 8 | 4.0K |
| RBLX | PUT | TRADE | BEARISH | 03/17/23 | $40.00 | $1.2M | 3.3K | 2.0K |
| RBLX | CALL | TRADE | BULLISH | 11/18/22 | $45.00 | $414.0K | 7.8K | 1.0K |
| RBLX | CALL | TRADE | BULLISH | 11/11/22 | $36.00 | $216.0K | 782 | 450 |
| RBLX | CALL | SWEEP | BEARISH | 06/16/23 | $65.00 | $149.1K | 1.1K | 5 |
Where Is Roblox Standing Right Now?
- With a volume of 16,079,057, the price of RBLX is up 9.15% at $45.68.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 15 days.
What The Experts Say On Roblox:
- Morgan Stanley has decided to maintain their Equal-Weight rating on Roblox, which currently sits at a price target of $35.
- BTIG has decided to maintain their Buy rating on Roblox, which currently sits at a price target of $51.
- MoffettNathanson downgraded its action to Underperform with a price target of $19
- Stifel has decided to maintain their Buy rating on Roblox, which currently sits at a price target of $48.
- Barclays downgraded its action to Underweight with a price target of $20
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 Roblox, Benzinga Pro gives you real-time options trades alerts.
