Benzinga | Jan 19, 2022 04:21PM EST

Roblox Whale Trades Spotted

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 28 uncommon options trades for Roblox.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the special options we uncovered, 17 are puts, for a total amount of $3,195,659, and 11 are calls, for a total amount of $395,187.

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 $40.0 to $115.0 for Roblox over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Roblox's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Roblox's whale trades within a strike price range from $40.0 to $115.0 in 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 PUT TRADE BEARISH 01/20/ $80.00 $1.1M 3.9K 644 23RBLX PUT TRADE BULLISH 05/20/ $80.00 $742.5K 304 521 22RBLX PUT SWEEP BULLISH 01/21/ $80.00 $200.0K 10.9K 6.5K 22RBLX PUT SWEEP BULLISH 01/21/ $80.00 $193.1K 10.9K 3.8K 22RBLX PUT TRADE BULLISH 01/21/ $115.00 $190.5K 1.0K 217 22

Where Is Roblox Standing Right Now?

* With a volume of 15,573,505, the price of RBLX is down -1.03% at $76.41.

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

* Next earnings are expected to be released in 20 days.

What The Experts Say On Roblox:

* Morgan Stanley has decided to maintain their Overweight rating on Roblox, which currently sits at a price target of $115.

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.