Saturday, October 3, 2020

$ROKU level for short put sale

 

3 oct


very tradeable range for a few months now has held the breakout for 10days. i dont follow the daily news about the company as to why it has large moves. had a Roku desktop device from years ago myself that stopped working years ago..just threw it in the trash few days back.. anyway. the only level im comfortable with is the bottom of the previous range near 140/145 .. long way from where it is now, a pullback to the old top of the range and near the 50day might put that into play. will set alert for <180 , see what happens

downside to this name is that options are not that liquid, especially in the weekly ones.. just not much volume. its no TSLA or AAPL. some bid/asks are upwards of .40 wide 



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