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Hawk’s Nest

Gaming Platform Sees Confident Opening Put Sales

by | Sep 15, 2022

Roblox (RBLX) with 1200 Oct. 7th (W) $46 puts sold to open today 3.65 to 3.20 showing confidence in current levels holding as the ATM puts would have a breakeven at near 42.50 at Oct 7th expiration. The stock is showing relative strength with growth names strong this week. Recent 8/21 EMA bull cross also as price is back inside monthly value and can see 50-51 easily.