With its significant gains over the past 2 days first due to an incredible earnings beat and then on news of its acquisition of a multi-room audio startup, ROKU has climbed over 70 percent over this past week and is clearly oversold. Personally, I feel it has no real value and is fairly valued at about 19/share. In my opinion, it is an incredible short right now. Things may seem different once it does something with its new multi-room audio division, but the intelligent home speaker is dominated currently by Amazon(AMZN), Google(GOOG, GOOGL), and is soon to be disrupted with the release of Apple's (AAPL) HomePod in December. I expect Roku shares to lose even more value when the HomePod is available in December. I am personally short ROKU at 35/share. My target is 15/Share, but I will strongly consider covering my position once the share price reaches $20, maybe even sooner.