ROKU trade ideas?
- Thread starter tally2019
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You are obsessed with Roku. You are funny.
ITYM "heartily sick of but still hanging on for the lulz."
HTH, HAND.
What about BYND? Dunkin' just announced (today?) they are doing the Beyond fake stuff, although I cannot imagine in what...Do they offer beef breakfast sandwiches? I only think of them as donuts, and like eggs and stuff.
So that is another feather in BYND's cap. We should buy calls on them, yes?
A bit more seriously: ROKU is crazy volatile. Based on what it's been doing for the past month, I'd look at buying a straddle. I'm one of those people who jumps out of perfectly good airplanes for fun, but those 5SD+ moves are nuts.
Notice that I'm not doing it.
The OP asked for how to play these earnings, and my general advice came down to "DON'T!"As to buying a straddle - it's better than selling, say, an IC. In much the same way that getting run over by a Cat D11 is better than dying of necrotizing fasciitis. Perhaps we should simply return to "DON'T!"
Roku, a completely overrated stock with a huge inflated market cap, just another company that's in a field of huge competition. Reminds me of tivo. Once this streaming war is over roku will be left far far behind. It's easy for a smaller company to grow its user base by millions of people quarter over quarter so the trend is their friend for now, gains and more gains, but long term this is just another hyped streaming media platform like tivo was years ago.
