Unusual Options Activity Fri 8/11/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• MARA Aug 15 calls (volume: 1770, open int: 6810, implied vol: ~188%, prev day implied vol: 114%). Co is expected to report earnings mid-November.
• CLSK Aug 7.5 calls are seeing interest with the underlying stock up 11% (volume: 4870, open int: 2410, implied vol: ~133%, prev day implied vol: 118%). Co is scheduled to present at a HC Wainwright conference on September 11. Co is expected to report earnings mid-November.
• LRCX Aug 665 calls are seeing interest with the underlying stock down 4% (volume: 1950, open int: 0, implied vol: ~50%, prev day implied vol: 40%). Co is expected to report earnings mid-October.
  

Bearish Put Activity:

• RBLX Aug 30 puts (volume: 1560, open int: 3360, implied vol: ~93%, prev day implied vol: 57%). Co is expected to report earnings early November.
• CRWD Aug 150 puts (volume: 2170, open int: 490, implied vol: ~52%, prev day implied vol: 44%). 1K traded in a single transaction. Co is confirmed to report earnings August 30 after the close.
  

Sentiment: The CBOE Put/Call ratio is currently: 1.07, VIX: (15.64, -0.21, -1.3%).
August 18 is options expiration -- the last day to trade August equity options.

===Roblox (RBLX) reported earnings on Wed 9 Nov 22 (b/o)

 

Roblox said it lost 50 cents per share on revenue of $517.7 million, missing top- and bottom-line estimates. Analysts expected the company to lose 32 cents per share on sales of $692.2 million, per FactSet estimates.

RBLX Stock IPO

The Roblox stock initial public offering (IPO) via direct listing occurred on March 10, 2021 with a suggested price of 45 per share. With a direct listing, no new shares in the company are created and sold. Nor did the Roblox IPO raise any capital. Instead, current investors begin selling already existing shares based on demand when trading opens.

On March 10, 2021, Roblox stock closed at 69.50, more than 54% above the 45 IPO price. A huge price percentage increase on the IPO day indicates strong institutional backing.

Roblox Fundamental Story

The company's eponymous "Roblox" game is the biggest mobile game of 2020 in the U.S. in terms of revenue, according to Sensor Tower. It surpassed "Candy Crush," which had been the top game for the past three years.

What makes Roblox different from other online game platforms is that it lets users create their own games. Developers receive 30% of the proceeds generated from a game, such as the sale of virtual outfits and avatars.

Roblox Stock Is A Metaverse Investing Play

What is the metaverse? The metaverse is considered a next-generation version of the internet. Technologists describe the metaverse as a persistent, shared, 3D virtual environment. There, people meet for activities ranging from playing games to conducting business. It incorporates such technologies as virtual reality and augmented reality.

Earnings this week : Nov 7 - 11, 22 (wk 45)

Monday (Nov 7)

• Morning:  AMG BLDP BNTX WHD CHH CRON DK WTRG FNV HAE HLIO DINO HEP NI NRG PLTR RBA FOUR THS VTRS
• Afternoon: ME TWOU AAON ACCO ATVI ADTN LNT AEL AMWL ASH BNFT BHF BWXT CBT CERT DHT FANG DOCN DIOD EHTH FN FGEN FIVN FLGT GRPN HIMS ICUI IFF LGND LPSN LYFT MTW DOOR MLNK MOS MWA NSTG NFE OSH PACB PRDO PRIM QTWO QGEN ROVR SANM SWAV SEDG TTWO TASK TDC TRIP UIS VECO VNOM WELL XNCR YMAB

Tuesday (Nov 8)

• Morning: ACRS AHCO BSY BLDR CG CLVT CNHI CEG COTY CYXT DBD DD ELAN EXK EVBG EVRI EXPD FA GFS HAIN HSKA IGT RIDE LITE MNKD NEO NXST NWN NCLH NOVT PKI PRGO PLNT PLTK PRTY RCM RETA REYN SAGE SCSC SSP SQSP STVN SPWR SHO SKIN TAC TGI
• Afternoon:  DDD ABCL AFRM AKAM ALRM BIRD AMC DOX AMRS ANGI ARLO ARRY AXON BLNK  CLNE CRCT DAR DV EBS ENV EOLS FNF FLYW GMED GDRX GO GXO HALO HCAT HRTX ICHR IOSP INO IAC NVTA JKHY LMND LFST RAMP LCID MASI MRTX MO CARG DN MRC NTRA NHI NEWR NWSA KIND NOG NLOK NVAX OXY OPK OSUR PLUG PRI PRA PUBM SEER SILK SRC SFM SUPN SG TWO UPST VSAT WTI DIS XENE ZD

Wednesday (Nov 9)

• Morning:  DIBS ALE BGNE BHG CGC CPRI CEVA GIB DHI EBIX AG FVRR HBI HR HL HGV IMXI IONS KRNT LTH MIDD NOMD OLPX PAR PFGC PERI RDNT RSKD RBLX RCI SEAS SPTN STWD STER TBLA TRP TGNA TTD COCO TPG VCEL VERX WD WEN WWW
• Afternoon:  ACVA APP ATO BGS BYND BMBL CELH CDE CPNG DM APPS BROS EGIO ENS FICO FORG G GDOT IPAR JXN JAMF JAZZ KGC LNW MGNI MFC MQ NVTS NUVA OLO PAAS PAY PAYO PETQ PLBY PRPL RXT RDFN RPAY RNG RIVN STE STKL TTGT TTEK COOK TTEC U VZIO VUZI WYNN ZIMV ZIP

Thursday (Nov 10)

• Morning: MT AZN AZUL BDX BAM CAE DGII EPC GENI HIMX IAA KELYA SWIM NABL EYE NICE NIO PSFE PGTI PRMW RL RBC SBH SHCR SIX SSYS SLVM TPR TDG USFD UTZ WRBY WRK WE WIX YETI
• Afternoon:  AGTI LFG BBDC BZH CDRE COMP CCSI LAW DOCS DUOL EDR EXFY FIGS FLO INDI LZ MCW MTTR POSH RYAN SWIR SMRT TOST VTEX

Friday (Nov 11)  

• Morning:  AQN