Roblox Stock May Have Bottomed
Image by Unsplash
For months, the deep discount in Roblox (NYSE:RBLX) has beckoned to bottom fishers. But so far, trying to nail the low has resulted in bruised egos and battered accounts.
The selling has been relentless, and there have been too many failed bounces to count. RBLX stock has cratered 85% from peak to trough in the largest fallout in growth stocks since the dot-com crash.
That said, I find its behavior following the recent earnings announcement constructive. In fact, I’m more interested dipping my toe in the water than at any time this year.
If you want to use options to enhance your probability of profit or juice up the potential returns, then here are my two favorite ways to play.
The post Roblox Stock May Have Bottomed originally appeared at InvestorPlace.
Category: Options Trading Strategies
