Roku Inc Cl A – ROKU
2018-07-24
I closed out my position today, because I had at one point a 10% gain and that mostly evaporated today. I got filled at $46.86 and I still had a slight gain. There are only a few days left till they post earnings and don’t feel that the stock should be trading like this. I had expected a loss, but not in this percentage
3 Month Daily Chart from Stockcharts
2018-07-06
I have been watching this company from the first IPO. The chart looked like it was setting up for a break out at $40. On 2018-06-07 the stock was at 39.57 . The I bought a slightly out of the money call $40.00 with 42 days left. I got filled the next day. Check out Option Pricing for a definition of OTM, ATM, and ITM.
2018-06-08 Buy to Open 1 ROKU Jul 20 2018 40.0 Call @ 2.9
2018-06-25 Sell to Close 1 ROKU Jul 20 2018 40.0 Call @ 5.4
Closed position including commissions: 532.32
Cost including commissions: -297.67
Total Profit: 234.65
I have continued to watch this company and I decided to purchase the stock outright instead of an option. I got filled
2018-07-06 Buy 100 ROKU @ 45.3
Cost Basis: $45.30
-5% Stop: $4304
+20% Target: $54.36
The IBD Rankings
Composite Rating: 70
EPS Rating: 51
RS Rating: 96
Group RS Rating: B
SMR Rating: N/A
Acc/Dis Rating: A-
ROE: 0
Debt: 0
Outstanding Shares: 48.9m
Next Earnings Announcement: 07/28/18
The rankings are not the CANSLIM and I would normally pass on this opportunity. I think this company has a good product and is well placed in the shift away from cable TV.
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
5 year monthly chart from bigcharts
1 year from Bigcharts
3 month daily from Bigcharts
3 month daily from Stockcharts
