Spotlight on Roku: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Recent analysis of options activity on Roku (NASDAQ:ROKU) reveals a bearish sentiment among whales, with 55% of trades being bearish and 44% bullish. The trades span a price range target of $86.0 to $150.0 for Roku over the last 3 months. The largest options trades observed indicate a mix of neutral and bullish sentiments, with significant investments in calls. Roku, a leading streaming platform, is currently trading up by 0.79% at $95.45, with an anticipated earnings release in 6 days. The stock may be approaching overbought territory according to RSI readings.
February 09, 2024 | 4:45 pm
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Roku has seen a bearish sentiment from whales in options trading, with a price target range of $86 to $150. The stock is currently up by 0.79% at $95.45, with an upcoming earnings release.
The mixed sentiment in options trading, with a lean towards bearish, suggests uncertainty. However, the current positive stock movement and upcoming earnings could influence short-term price. The anticipation of earnings and the stock's approach to overbought territory add complexity to predicting the immediate impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100