Public trading strategy
Fox bets $22 billion on streaming with Roku buyout — play the deal premium and m
Thesis
When a buyout is announced, the target company's stock usually jumps toward the announced deal price as investors buy in to capture the spread. Fox is making a huge bet to compete in streaming, which could spark speculation that other media companies might make similar acquisitions. You can trade this by buying Roku to ride the deal momentum, or by looking at other standalone streaming hardware companies that might be next on the block.
Strategy approach
Build a rule-based strategy that enters long ROKU on H1 when price is within 3% of the 52-week high and daily volume is > 200% of the 20-day average volume. Exit on a 3% drop from the entry price or after a 5-day max hold.
Markets and timeframes
ROKUH1