I’ve been sifting through stocks which financial professionals managing over one billion dollars in assets are narrowing their focus on as well.
I noticed one stock which has $2,400,000 in bullish call option flow already this week!
If Wall Street is considering trading it as well today, you bet I am too.
Last time I traded options on this particular stock, I made $10,500.
And today this trade has bullish and bearish profit potential.
| Ticker Code | Ticker Name | Ticker Industry | Price Change | Average Volume (50)* |
| EROS | Eros International plc | Entertainment | -12.42% | 4,072,143 |
| MVIS | Microvision, Inc. | Scientific & Technical Instruments | 37.72% | 10,289,185 |
| GNPX | Genprex Inc | Biotechnology | -9.46% | 1,929,720 |
| VXRT | Vaxart Inc | Biotechnology | 84.56% | 31,515,439 |
| BLU | BELLUS Health Inc | Biotechnology | -309.88% | 6,559,508 |
| FBAK | First National Bank Alaska | National commercial banks | -5.95% | 224 |
| CRVS | Corvus Pharmaceuticals Inc | Biotechnology | 14.44% | 3,915,872 |
| SPAQ | SPARTAN ENERGY /SH | Asset Management | 28.32% | 5,457,739 |
| GSAT | Globalstar, Inc. | Telecom Services | 13.51% | 12,045,941 |
| XSPA | XpresSpa Group Inc | Personal Services | -100.70% | 15,103,006 |
| TSLA | Tesla Inc | Auto Manufacturers | 43.01% | 13,963,561 |
| ABEO | Abeona Therapeutics Inc | Biotechnology | -2.47% | 1,063,182 |
| SIVB | SVB Financial Group | Banks – Regional | -7.25% | 406,613 |
| IGC | India Globalization Capital, Inc. | Conglomerates | -5.56% | 898,079 |
| AAPL | Apple Inc. | Consumer Electronics | 16.98% | 35,200,861 |
| SHLO | Shiloh Industries, Inc. | Auto Parts | 29.73% | 3,063,987 |
| IDEX | Ideanomics Inc | Software – Application | 68.85% | 65,026,479 |
| ROKU | Roku Inc | Pay TV | 31.54% | 11,629,437 |
| NVAX | Novavax, Inc. | Biotechnology | 59.39% | 7,934,407 |
| ALT | Altimmune Inc | Biotechnology | 73.99% | 5,627,993 |
Roku (NYSE: ROKU) is a stock which many traders love to trade. It moves fast, receives catalysts on a regular basis, and is frequently the center of attention in buyout rumors.
In the world of blue-chip stocks, ROKU pretty much covers all the “explosive” bases for blue-chip traders which a typical seasoned penny stock trader may look for.
And already this week over $2.4M worth of ROKU call options have been purchased, most of which expire this Friday, July 17…
But ROKU’s current bullish sentiment on Wall Street doesn’t stop there… While $2.4M has been invested in a bullish move on ROKU, zero dollars worth of put option sweeps (bearish sign) have been detected this week.
So Wall Street’s directional sentiment on ROKU as of right now should be fairly obvious… the bulls are out.
Given how often ROKU spikes on items such as buyout rumors, upgrades and outperformance ratings, is a bullish case for ROKU right around the corner?
Time will tell… but as traders, what matters right now is designing a blueprint of how we could get some skin in the game as well if we desire to do so.
To me, ROKU must hold $151.50 support in order for me to make a bullish move. If ROKU breaks $151.50 support, indeed it does have gap-down room it could fill, and Wall Street’s $2.4M worth of bulls may not be too happy as a result.
In the case of a possible $151.50 break, I’ll be prepared to make a bearish day-trade.
On a side note, one common mistake which newbie traders frequently make: Holding a trade through earnings can be a recipe for disaster, especially if you’re like many newbie traders and simply forget to check earnings dates.
What do I do to prevent accidentally holding a trade through earnings? I check each trade’s earnings date using this link. It’s a free tool I use each day. Bookmark it!
Dedicated to your success,
Davis Martin
America’s #1 Options Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.