Roblox Unusual Options Activity For November 21

Investors with a lot of money to spend have taken a bullish stance on Roblox RBLX.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RBLX, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Roblox.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $395,099, and 7 are calls, for a total amount of $303,871.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $37.0 to $50.0 for Roblox over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Roblox options trades today is 4510.5 with a total volume of 8,369.00.

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 $37.0 to $50.0 over the last 30 days.

Roblox 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Roblox

Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm effectively offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning revenue in multiple places while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers then creating new games or franchises.

After a thorough review of the options trading surrounding Roblox, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Roblox

• With a trading volume of 7,518,823, the price of RBLX is down by -1.35%, reaching $37.35.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 85 days from now.

What Analysts Are Saying About Roblox

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $48.6.

• An analyst from Raymond James persists with their Strong Buy rating on Roblox, maintaining a target price of $47.
• Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Roblox with a target price of $51.
• An analyst from Wedbush persists with their Outperform rating on Roblox, maintaining a target price of $49.
• Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Roblox with a target price of $50.
• An analyst from Benchmark downgraded its action to Buy with a price target of $46.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Roblox with Benzinga Pro for real-time alerts.