Roblox $RBLX Stock Swing Long on Jon Najarian Call Option Purchase

  • Post category:Technology
  • Reading time:2 mins read
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Roblox $RBLX stock rose 14% on July 5, 2022, after news hit that Jon Najarian bought the $39 call option with a strike date of 7/15/2022. A lot of traders followed Jon Najarian on the trade.

Rblx Options

Make sure to review this lesson on option flow so that you understand the image above.

Najarian bought Roblox Corp (NYSE:RBLX) call options after seeing strong interest in the call-side contracts.

“Obviously the stock has been slaughtered. It’s down so dramatically that people … are saying, I’m going to take a shot at this one,” Najarian said Tuesday on CNBC’s “Fast Money Halftime Report.”

Roblox shares are down more than 60% since the start of the year.

“Some of these stocks have been battered so severely that it’s hard to imagine a much worse scenario,” Najarian said.

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Roblox stock looks like a classic turnaround candidate on the stock chart but still undecided if Jon Najarian’s call option trade is brilliant or REALLY dumb.

Rblx Barchart Interactive Chart
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