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Feb 4, 2024 2:29 PM

RBLX Roblox Corporation Options Ahead of Earnings Long

Roblox CorporationNYSE

Description

If you haven`t bought the dip on RBLX before the previous earnings:


Then analyzing the options chain and the chart patterns of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the 42.5usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.79.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached

RBLX traded at $44.61 today, after earnings, and the calls went up from $2.79 (when I wrote this article) to $3.50 at the close today (higher intraday), for about 25% gain!
Still bullish in the options chain!
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