$RBLX call buyers score big profits

$RBLX call buyers score big profits


Bullish option positions opened in Roblox (RBLX) are returning big profits for upside traders as shares trade higher today

On Sep. 22Market Rebellion’s Unusual Activity Service detected the purchase of 3,500 November $32.50 calls for $0.64 to $0.66 with shares at $25.47. Open interest in the strike before the trade occurred was just 2,009 contracts, showing that this was a new position.

Those calls traded for as much as $2.39 today, a 262.12% return, while the stock rose 22.26% at the same time, underscoring how quickly options can far outperform their underlying shares.

Long calls lock in the price where investors can buy a stock, letting them position for a rally at limited cost with the potential for significant leverage. They carry less risk than owning shares because the most that can be lost is the price of the options no matter how far the stock might fall.

RBLX was last higher by 2.27% today at $30.90.

Ready to start trading? Try Unusual Option Activity Essential. Learn how you can follow the “smart money” with a fresh UOA trade idea each week – including technical levels so that you know how to manage each trade!

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