June 27, 2022


Roblox Corporation (NYSE: RBLX) stock is obtaining an additional powerful working day on Wednesday, up about 6% on the day and keeping all over the $123 cost as of this creating. Investing volume has been robust, with about 31 million shares shifting fingers, just shy of the 10 working day regular of 33 million shares.

What is also spectacular is the variety of selections traded on the working day, which is nicely above 246,000 (picture below).


Why It Matters: The big sum of selections traded today (246,000+) is vital because prior to Wednesday, the stock only experienced about 535,000 possibilities. Therefore, today’s buying and selling activity signifies a 45% enhance of the complete choices in just just one day.

This large enhance showcases how aggressively option traders are engaging in the inventory. And considering roughly 75 out of each 100 selections have been phone calls, they are seriously bullish on the stock.

What’s Up coming: Roblox Corporation has a product sum of solutions rolling off Friday. Prior to Wednesday, 48% of them were being established to expire Friday (246,000). Wednesday additional yet another 120,000 small dated solutions. 

With this sort of a massive range of solutions rolling off Friday (approximately 366,000) the later it will get in the week, the tougher it will be to make new gains in the stock.

Looking forward to the Dec. 17 expiry, the strongest strikes by open fascination are between $110 and $125 (graphic underneath).


This suggests choice traders see a new selection for December concerning $110 and $125, with the former degree lining up nicely with last week’s high. This might give a strong pullback stage late this week or early following 7 days. 

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If the $110 level fails following week, there is solid open up desire all the way down to the $90 strike for the Dec. 17 expiry.

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