Follow The Smart Money, Looking Into Roblox's Biggest Options Trades For Today

view original post

Today, Benzinga‘s options scanner spotted 5 uncommon options trades for Roblox (NYSE:RBLX). The overall sentiment shows 20.0% of the big-money traders are bullish on the stock and 80.0%, bearish. Out of all of the special options found by our algorithm, 0 are puts, for a total amount of $0 and 5, calls, for a total amount of $194,785.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $75.0 to $79.0 for Roblox in the over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Roblox’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 Roblox’s smart money trades within a strike price range from $75.0 to $79.0 in 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 CALL SWEEP BEARISH 10/08/21 $76.00 $81.7K 1.3K 36
RBLX CALL SWEEP BEARISH 10/08/21 $75.00 $31.6K 380 890
RBLX CALL SWEEP BEARISH 10/08/21 $79.00 $30.9K 1.5K 1.1K
RBLX CALL SWEEP BEARISH 10/08/21 $77.00 $25.4K 1.1K 640
RBLX CALL SWEEP BULLISH 10/08/21 $75.00 $25.0K 380 2.8K

Where Is Roblox Standing Right Now?

  • With a volume of 11,754,004, the price of RBLX is down -6.08% over the last 24 hours at $73.07.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 81 days.

What The Experts Say On Roblox:

  • Jefferies has decided to maintain their Hold rating on Roblox, which currently sits at a price target of $86.0.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.