Whales with a lot of money to spend have taken a noticeably bullish stance on Roku.
Looking at options history for Roku (NASDAQ:ROKU) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $163,832 and 6, calls, for a total amount of $350,573.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $54.0 to $70.0 for Roku over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Roku stands at 604.25, with a total volume reaching 726.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Roku, situated within the strike price corridor from $54.0 to $70.0, throughout the last 30 days.
Roku Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROKU | CALL | SWEEP | BULLISH | 10/18/24 | $13.75 | $13.55 | $13.7 | $55.00 | $141.1K | 217 | 0 |
| ROKU | CALL | TRADE | BEARISH | 06/20/25 | $14.9 | $13.9 | $14.0 | $65.00 | $56.0K | 118 | 0 |
| ROKU | CALL | SWEEP | BULLISH | 07/19/24 | $7.95 | $7.85 | $7.95 | $60.00 | $50.0K | 608 | 76 |
| ROKU | PUT | TRADE | BULLISH | 07/19/24 | $7.3 | $7.25 | $7.25 | $60.00 | $48.5K | 745 | 2 |
| ROKU | PUT | SWEEP | BULLISH | 04/26/24 | $1.96 | $1.87 | $1.87 | $54.00 | $46.5K | 67 | 257 |
About Roku
Roku is the leading streaming platform in the U.S. by hours watched with 87.4 billion hours of content streamed in 2022. The firm's namesake operating system is used not only in Roku's own hardware but in cobranded TVs and soundbars from manufacturers like TCL, Onn, and Hisense. Roku generates revenue from advertising, distribution fees, hardware sales, OS licensing, and subscription sales.
Having examined the options trading patterns of Roku, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Roku's Current Market Status
- Trading volume stands at 1,844,078, with ROKU's price down by -1.44%, positioned at $59.03.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 10 days.
Expert Opinions on Roku
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $52.5.
- An analyst from Wells Fargo persists with their Underweight rating on Roku, maintaining a target price of $45.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Underweight rating on Roku with a target price of $60.
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.