Selling RBLX puts for income.
ROBLOX Corp has built a gaming platform that is extremely attractive to kids — while encouraging interaction and safety. The platform itself has many benefits and fosters creativity helping to drive engagement (and a platform for significant revenue growth in the future).
After gapping higher on positive earnings, RBLX has begun to settle into a new trading range. This gives us a chance to lock in a lucrative income payment with plenty of buffer in case the stock pulls back.
- Sell (to open) 1 RBLX December 17th $90 put
- Limit: $3.40 or more
- The new position will represent roughly 8.9% of our model.
- 9:48 Executed
- Sold 1 RBLX Dec 17th $90 Put @ $3.40