![]() ![]() Upon signing up for Roblox, a user personalizes their Roblox identity, or avatar. Its platform is powered by user-generated content that draws inspiration from gaming, entertainment, social media and even toys. The Company operates the Roblox Platform as live services that allow users to play and socialize with others for free. The Company operates a human co-experience platform or Roblox Platform, where users interact with each other to explore and develop, user-generated and 3D experiences. Roblox Corporation is a technology company. ![]() On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article.Communication Services : Entertainment | Mid Cap Growth Company profile To minimize the loss to around $1.50, you could exit if the stock if it falls below the short strike price at $30. The max gain is limited to 55 cents, and the max loss is $4.45. The structure consists of selling puts below the current stock price in hopes that they expire worthless.įor instance, if you’re satisfied with a near-90% chance of capturing a 10% return and are willing to bet RBLX stock can stay above $30 for the next month, enter this spread: Sell the May $30/$25 bull put spread for 55 cents. At $44, the RBLX stock price is cheap enough to sell naked puts, but I’m going to build a bull put spread for a more accessible trade. Since this is a more speculative entry, we can build a more conservative or higher probability trade to give more margin of error. The second option is to take a position on Tuesday if we break above Monday’s high ($44.70) in anticipation of the neckline break. I’d be open to any bullish strategy (stock or option) on a close over $52.50. The next resistance zone isn’t until $70, so there’s a price void that could fill quickly and yield big profits. First, wait for the break of $52.50 before doing anything to ensure this potential reversal pattern comes to fruition. ![]()
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