Benzinga | Dec 20, 2021 11:16AM EST

What Are Whales Doing With Roblox

Someone with a lot of money to spend has taken a bearish stance on Roblox (NYSE:RBLX).

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Roblox.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $170,730, and 6 are calls, for a total amount of $205,369.

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 $70.0 to $150.0 for Roblox over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Roblox options trades today is 1081.4 with a total volume of 1,096.00.

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 $70.0 to $150.0 over the last 30 days.

Roblox 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 InterestRBLX CALL SWEEP BULLISH 07/15/ $100.00 $48.3K 849 23 22RBLX PUT TRADE BULLISH 02/18/ $90.00 $43.0K 1.4K 73 22RBLX CALL TRADE NEUTRAL 01/20/ $75.00 $40.6K 818 10 23RBLX PUT TRADE BULLISH 01/20/ $85.00 $36.0K 427 184 23RBLX CALL SWEEP BEARISH 01/20/ $150.00 $32.8K 3.5K 20 23

Where Is Roblox Standing Right Now?

* With a volume of 3,802,860, the price of RBLX is down -3.54% at $98.78.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 50 days.

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.