Roku Swing 9-16-21

Sep 15, 2021

Roku is being oversold as the rsi has dipped below 30 for the seccond time within the last month. The stock has recently crosses below the 200 ema, but is still above the 50. Roku hasn't been in a bearish trend since the start of the pandemic, and I don't see why that should start now. Eying roku 325c exp oct 22 with the intent of holding less then 1 week. I will keep a 10-15% stop loss and will roll the contracts if the turn around takes longer than expected.