RBLX Sell-off anticipated in the Options Market !!
Before placing a strangle option on this particular stock, yesterday i was monitoring the options market for a possible outcome.
And it was extremely interesting to see that the high conviction trades were slightly bearish: 5.2K Puts and only 2.3K Calls yesterday.
And guess what happened at the earnings today:
Revenue: $568 million vs $604 million expected
Bookings: $770 million vs $786 million expected
Losses per share: $0.25 vs $0.11 expected
User growth: 49.5 million daily active users vs 50.1 million expected.
So following the "smart money" wasn`t a bad idea after all. :)
Now considering that Ark Invest bought the stock lately, i think it still has potential on the long run (Ark has a 5 year term targets compared to the usual 1 year analysts ratings).
And it was extremely interesting to see that the high conviction trades were slightly bearish: 5.2K Puts and only 2.3K Calls yesterday.
And guess what happened at the earnings today:
Revenue: $568 million vs $604 million expected
Bookings: $770 million vs $786 million expected
Losses per share: $0.25 vs $0.11 expected
User growth: 49.5 million daily active users vs 50.1 million expected.
So following the "smart money" wasn`t a bad idea after all. :)
Now considering that Ark Invest bought the stock lately, i think it still has potential on the long run (Ark has a 5 year term targets compared to the usual 1 year analysts ratings).
BUYSELL indicators tradingindicators.store/
TRADING COURSE bit.ly/tradex
Private Signals patreon.com/PremiumOptionsSignals
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
TRADING COURSE bit.ly/tradex
Private Signals patreon.com/PremiumOptionsSignals
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.