Oversold Gaming Growth Name Sees February Call Buyer
Roblox (RBLX) seeing buyers of 1100 Feb $35 calls at $3.80, growth name that can play catch up to the 38 level and MACD crossing bullish after it came off lows this week near the bottom of monthly value at the 30 level. That same level is where buyers were supporting the stock back in June before it a made a run higher to the 200 day EMA near 50. Currently the 200 day is at 44.50 and YTD VWAP at 42.80 a nice extended target into year end potentially. Simple way to manage risk here is a close under 30 gets you out.