Roblox Stock Soars as Bookings Beat Estimates

Options traders are blasting RBLX in response

Deputy Editor
Nov 8, 2023 at 10:56 AM
facebook X logo linkedin

Roblox Corp (NYSE:RBLX) stock is up 19.4% to trade at $41.88 today, near the top of the New York Stock Exchange (NYSE) and on track for its best single-session pop since Feb. 15. The online gaming company beat booking estimates -- up 20% from a year ago -- while also reporting narrower-than-expected third-quarter losses per share and strong revenue. 

Today's breakout has the stock completely recovering its August post-earnings losses and reclaiming several long-term moving averages, including its 200-day trendline. The stock has a history of outsized moves after earnings; including a 26.4% bull gap on Feb. 15, and a 21% drawdown a year ago. Since the start of the year, the equity is up 47%. 

Price-target hikes could keep the wind at the shares' back. The consensus 12-month price target of $37.96 is a 9% discount from the stock's current perch, so adjustments could be imminent.

Naturally, RBLX is being flooded with activity in the options pits. So far, 110,000 calls and 49,000 puts have been exchanged, which is already 2.7 times the average intraday options volume. The weekly 11/10 42-strike call is the most active contract, where new positions are being opened. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI