In our Nov 27th PRO Service ROKU update it was suggested that a close above $100 would then target $122. Although that is still the forecast, this chart says ROKU is working out a Wave 4 consolidation, it could take 1-3 weeks to unfold. With these calls now up over 200% (a triple), prudent trade management would be to take some profits now, at least 50%. For more active traders, take it all now in anticipation of getting back in before the next leg up, triggered by a breakout above $110. That would also allow for rolling into higher strikes and/or a further out expiration. ROKU - Jan $95C bought Nov 14th in PRO Service @ 4.35 each. ROKU - Daily
