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Barchart

Mark R. Hake, CFA

Unusual Put Options Volume in Fox Corp After FOXA Stock Rebounds After Roku Deal Reaction

Fox FOXA Roku Fox Corp Barchart Yahoo Finance

Today, investors have traded large, unusual volumes of Fox Corp. (FOXA) out-of-the-money put options expiring in one month. FOXA stock is up from its lows after Fox's deal to buy Roku Inc. (ROKU) last month. Investors may be fearful the stock will test its recent lows.

FOXA stock is up flat today at $57.49, but well up from a recent low at $48.65 on June 23. That was after the June 15 announcement by Fox Corp. that it was going to spend around $25 billion to purchase Roku for cash and shares of FOXA.

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