$ROKU Bullish Hammer - Unusual Call Activity

ROKU has held within a tight bullish channel since last earnings release in August. We tagged the lower trend line earlier today and have formed into a bullish hammer candlestick. Expecting a bounce in the near term - targeting $84 by mid to late October.

Adding to the bullish sentiment, we saw 12k+ $60 strike (deep ITM) Jan'19 calls traded today for about $20M in premium, a high delta bullish bet with another earnings release due out next month.


Note: Informational analysis, not investment advice.