Roku's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on Roku (NASDAQ:ROKU), with unusual options activity indicating a split sentiment among big-money traders. Benzinga's options scanner revealed 16 uncommon trades, with a bearish sentiment prevailing. The options trades suggest a price window of $45.0 to $105.0 for ROKU. The largest trades include both calls and puts, with varying sentiments and strike prices. Roku's current market status shows a slight increase in stock price, with a neutral RSI and an upcoming earnings report. Analyst opinions on ROKU are mixed, with target prices ranging from $45 to $115.
April 25, 2024 | 5:15 pm
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NEUTRAL IMPACT
Unusual options activity and a bearish sentiment among big-money investors indicate potential volatility for Roku's stock. Mixed analyst ratings and an upcoming earnings report could further influence ROKU's short-term price movement.
The bearish sentiment from big-money investors, indicated by the unusual options activity, suggests potential downward pressure on ROKU's stock price. However, the mixed analyst ratings and the proximity to the earnings report introduce uncertainty, making the short-term impact neutral but worth monitoring closely.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100