Benzinga - Roblox Corp (NYSE: RBLX) shares dropped sharply on Thursday after the company reported November 2022 key metrics.
Daily active users for November came in at 56.7 million, up 15% year-over-year, while estimated revenue was between $190 million and $193 million, up 1%-3% year-over year.
On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Roblox traded at 3x average daily put volume on Thursday.
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There was a buyer of 1,000 of the January 22.5-puts at an average price of 88 cents per contract, Khouw mentioned.
The trader bet that the Roblox’s stock will drop at least 22% by January expiration.
RBLX Price Action: Shares of Roblox dropped 15.8% to close at $27.91 in regular trading session on Thursday, and fell 1.5% in after-hours trading.
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