The stock then traded sideways in consolidation for seven trading days before making another big move north.
On Monday, Roblox bust through resistance at its previous all-time high level of $83.41 and broke into blue skies. With no resistance in the form of price history, a number of options traders bet over $2.56 million that shares of the gaming company, termed "crack for kids" by Danielle Shay, director of options at Simpler Trading, are headed higher.
The Roblox Option Trades: Below is a look at Monday's notable Roblox options alerts courtesy of Benzinga Pro:
At 9:34 a.m., Monday a trader executed a call sweep near the ask of 540 Roblox options with a strike price of $83 expiring on May 28. The trade represented a $221,400 bullish bet for which the trader paid $4.10 per option contract.