Trade of the Week: RBLX

Memestocks, Options, Videos

While the meme stocks have been getting most of the headlines lately, Roblox (RBLX) continues to have very active options.  One day last week, around 140,000 options traded, with 70% of the activity on the call side.  That tends to be a bullish signal.  Several of the larger trades looked to be bullish as well, with out-the-money call buying and at-the-money put spread selling in July options.  RBLX is a $50 billion video game company that recently had its IPO and has been popular among investors.

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