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Roblox up Over 7% on Heavy Options Activity

Roblox Corporation (NYSE: RBLX) is up more than 7% today on heavy options volume to end the week. The stock recently got a boost from Needham initiating coverage, giving it a Buy rating and a $136 price target.

What Happened: Combine the buy rating and a price target 36% higher and option traders have stepped in large today, trading more than 147,000 options with approximately 98,000 calls and 48,000 puts (image below).

Prior to the cash open today, Roblox had approximately 315,000 calls and 215,000 puts, of …

Full story available on Benzinga.com

Source Here: benzinga.com

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