Looking At Roblox's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Roblox (NYSE:RBLX), with 80% of big-money traders taking a bearish stance. The overall sentiment is split between 20% bullish and 80% bearish, with whales targeting a price range of $40 to $50 for Roblox over the last 3 months.
June 01, 2023 | 7:48 pm
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Roblox (NYSE:RBLX) experiences unusual options activity, with 80% of big-money traders taking a bearish stance. Whales target a price range of $40 to $50 for Roblox over the last 3 months.
The unusual options activity in Roblox indicates that big-money traders are taking a bearish stance on the stock, which could lead to downward pressure on the stock price in the short term. The 80% bearish sentiment among these traders suggests that they may have information or expectations that the stock price will decline. Additionally, the targeted price range of $40 to $50 over the last 3 months indicates that they expect the stock to trade within this range, which could also impact the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100