Bullish options flow was detected in ROKU stock on July 12, 2020.
Make sure to review this lesson on options flow so that you understand the chart above.
We also had bullish options flow on July 9, 2020, with 115,390 calls trading, 4x expected, and implied vol increasing over 4 points to 92.26%. 7/10 weekly 140 calls and Jul-20 150 calls were the most active options, with total volume in those strikes near 25,100 contracts. Earnings for Roku are expected on August 5th.
On July 1, 2020, Roku, Inc. (NASDAQ: ROKU) announced the availability of the Peloton App on the Roku® platform. Roku users in the U.S. can add the Peloton channel via the Roku Channel Store and enjoy studio-style workouts in their living rooms – even without a Peloton Bike or Tread. A pioneer in connected, technology-enabled fitness, Peloton’s channel provides thousands of instructor-led, immersive workouts that can be done with or without equipment directly through Roku devices. The Peloton channel uses Roku Pay, enabling Roku customers to easily sign up with just a few clicks. Existing Peloton Members can also access the Peloton channel using their login credentials.
On June 16, 2020, it was reported on Variety.com that Quibi has been in discussions with Roku (ROKU) and Amazon (AMZN) about building native apps for the companies’ connected-TV platforms. In Amazon’s case, that would involve its family of Fire TV devices, Spangler notes. Quibi’s talks with Amazon have “recently picked back up,” Spangler says, citing a source familiar with the discussions. Talks about bringing the mobile-only viewing service to Roku are said to be in very early stages, and Roku may walk away from an agreement based on the revenue-sharing pact proposed by Quibi, the author notes. Source: https://variety.com/2020/digital/news/quibi-streaming-roku-amazon-fire-tv-1234637152/