Roblox's Impressive September Metrics Spark Red-Hot Options Activity

The stock is eyeing its best day in almost a year

Digital Content Manager
Oct 17, 2022 at 12:52 PM
facebook X logo linkedin


The shares of Roblox Corp (NYSE:RBLX) are surging toward their biggest daily jump since November 2021, up 19.9% at $42.62 this afternoon after the company reported impressive September 2022 key metrics. Roblox reported a 23% jump in daily active users (DAUs) since last year, and a 16% year-over-year rise in engagement hours to 4.0 billion. The company also shared that its estimated bookings came in between $212 million and $219 million, marking an 11% to 15% 12-month jump. 

Options traders are hitching their wagons to Roblox stock's wild trading activity, with 113,000 calls and 89,000 puts exchanged so far, which is five times the intraday average. The most popular position by far is the October 50 call, followed by the 45 call in the same monthly series, with positions being bought to open at both. 

This implies these bulls are eyeing even more upside for RBLX, which has shed 58.5% in the past year. Roblox stock has found a floor at its $33 mark, however. Plus, today's pop put the security back above recent pressure at the 160-day moving average. 

rblx oct 17

The penchant for calls today is unusual. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), RBLX sports a 10-day put/call volume ratio of 1.12, which sits higher than all other readings from the past year. In other words, puts have rarely been more popular. 

Roblox stock could be overdue for a round of analyst bull notes, should this positive price action continue. Of the 18 in coverage, just seven say "buy" or better, compared to 11 "hold" or worse ratings. Plus, the 12-month consensus price target of $41.89 is a slight discount to current levels. 

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI