I know it's too soon to tell, what I'm showing you is a potential scenario that would be similar to that of Dec '17. Roku is clearly in OB territory (W), and some distribution is visible. For the fractal to play out, we need to see a strong move up, close to low $120s and then strong selling from there.
ROKU is on a tear and the price structure strongly suggests wave-iii of 5 of Cycle-C is underway. Based on Fib-extensions and retraces we should see this wave-iii top at around 138-140, then a pullback to about 112ish for a wave-iv of 5, before wave-v of 5 ideally targets the 148-150 zone. THAT would be a much better level to go short or place long dated puts...
Roku (ROKU) August weekly 101 straddle priced for a move of 16.5% into the expected release of quarterly results after the bell on August 7th 2019.
What is a straddle:
A straddle entails buying a call and put of the same strike that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price...
This char has made me some serious money... Especially the 103 call this week. Purchased x25 last week for .13 cents. This week I cashed them out for HUGE gains.
Out for now. Waiting with cash till Friday options Exp. Will consider on case by case basis.
Yesterday 08/13/19 NASDAQ was up almost 2% while closing in the top 77% price range. ROKU was up .77% but closed in the 17% price range. If ROKU was a growth stock it would have rocketed even higher at least 2% and closing near the top of the range at least the top 50%. The reason is because there would be lots of people trying to buy the stock and the fear of...
Technical analysis reflects good upward channel, which was even broken up to new highs.
RSI shows overbought index + stock will aim to come back to previous channel. Moreover, for the backwards trend there're 'Harami's' and 'inverted hammer'.
Short now with half to be covered at 128 and the rest at 118 if the stock goes to the bottom of channel.
A real quick and dirty here between checking off items on the honey-do list ... . Here's the cream of the crop:
ROKU (83/94) announces earnings on Wednesday after market close and with rank/implied greater than 70/50, it's an ideal play for volatility contraction post-announcement. The pictured setup is a September 20th 75/80/135/140 iron condor, paying 1.67 at...
Roku, Inc. operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs. Ad-supported channels available on the Roku platform include CBS News, Crackle, The CW Television Network and Vice; subscription channels include HBO Now, Hulu and Netflix, as well as traditional pay TV replacement services like DirecTV Now, Sling TV and Sony PlayStation Vue; and transactional channels include Amazon Video, Google Play and Vudu. Its product categories include advertising, Roku TVs and Streaming Players.
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ROKU
