Benzinga | Dec 6, 2021 12:06PM EST

Check Out What Whales Are Doing With ROKU

A whale with a lot of money to spend has taken a noticeably bearish stance on Roku.

Looking at options history for Roku (NASDAQ:ROKU) we detected 38 strange trades.

If we consider the specifics of each trade, it is accurate to state that 47.37% of the investors opened trades with bullish expectations and 52.63% with bearish.

From the overall spotted trades, 31 are puts, for a total amount of $2,469,021.00 and 7, calls, for a total amount of $386,573.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $380.0 for Roku over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Roku options trades today is 401.32 with a total volume of 1,607.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Roku's big money trades within a strike price range of $200.0 to $380.0 over the last 30 days.

Roku Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestROKU PUT TRADE BULLISH 01/21/ $285.00 $166.8K 803 88 22ROKU PUT TRADE NEUTRAL 01/21/ $285.00 $166.4K 803 128 22ROKU PUT TRADE BULLISH 01/21/ $285.00 $166.2K 803 108 22ROKU PUT TRADE NEUTRAL 01/21/ $285.00 $165.2K 803 48 22ROKU PUT TRADE NEUTRAL 01/21/ $285.00 $163.1K 803 148 22

Where Is Roku Standing Right Now?

* With a volume of 2,000,076.00, the price of ROKU is down -0.76% at $203.98.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 73 days.

What The Experts Say On Roku:

* MoffettNathanson downgraded its action to Sell with a price target of $220.0

* Truist Securities has decided to maintain their Buy rating on Roku, which currently sits at a price target of $360.0.

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.