$2,400,000 and Counting!

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?

ROKU Daily Chart

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!

Let me know how you do today!

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.

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