Today we saw a trader buy over 5,000 ROKU August 10th 50 Calls for $1.75. I did buy NOT these Calls today and I think the stock is going to move higher between now and August 10th expiration. This was over a $180,000 Bet that someone things that this stock will move higher. The Calls trading as high as $2.75 which means if a trader bought only 20 of these they could have made over $2000 profits just today.
This is the power of Insider Buyer in the options market. This gives the trader the right but not obligation to buy almost 500,000 shares of ROKU between now and August 10th expiration and for this right they paid $1.75 per 1 lot or $180,000 total. This is a big Insider Buyer of ROKU Calls. I am NOT LONG these Calls, but I think the stock moves higher. The S&P 500 Futures looked very strong, and think this stock is rebounding and will move higher.