Roku ROKU Stock & Option Trade Ideas

Based on the technical data for ROKU:

1. The MACD (Moving Average Convergence Divergence) is consistently below the Signal Line, indicating a bearish trend.

2. The RSI (Relative Strength Index) has been fluctuating but is currently below 50, suggesting a bearish momentum.

Considering the above analysis, here are potential trading strategies for ROKU:

1. Stock Trading:

– Consider short-selling or selling existing long positions as the stock is showing a bearish trend.

– Place stop-loss orders to manage potential losses in case of a sudden reversal.

2. Option Trading:

– Consider buying put options to profit from potential downside movement in the stock price.

– Look for options with a suitable expiration date to align with your trading timeframe.

– Implement proper risk management techniques to protect your capital.