Not quite...
RBLX
lately has been getting hammered. Even after having great earnings on May 9th,
RBLX
can't catch a break. Today a flow order came in hammering calls on the $32.50 strike. With this presented to us the best assumption we can make is the Market Makers will not want this stock higher than the $32.50 strike by the given expiration date (5/31).
Best play here is to enter puts at/around the $32.50 strike
RBLX
lately has been getting hammered. Even after having great earnings on May 9th,
RBLX
can't catch a break. Today a flow order came in hammering calls on the $32.50 strike. With this presented to us the best assumption we can make is the Market Makers will not want this stock higher than the $32.50 strike by the given expiration date (5/31). Best play here is to enter puts at/around the $32.50 strike