Whales with a lot of money to spend have taken a noticeably bullish stance on Riot Platforms.
Looking at options history for Riot Platforms RIOT we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $379,022 and 3, calls, for a total amount of $98,484.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $3.5 to $40.0 for Riot Platforms over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Riot Platforms's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Riot Platforms's significant trades, within a strike price range of $3.5 to $40.0, over the past month.
Riot Platforms Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIOT | PUT | SWEEP | BULLISH | 05/10/24 | $2.31 | $2.24 | $2.24 | $10.00 | $146.4K | 306 | 105 |
| RIOT | PUT | SWEEP | NEUTRAL | 09/20/24 | $5.75 | $5.65 | $5.7 | $13.00 | $48.8K | 348 | 127 |
| RIOT | PUT | SWEEP | BULLISH | 01/17/25 | $9.85 | $9.75 | $9.75 | $17.00 | $44.8K | 2.0K | 0 |
| RIOT | PUT | TRADE | BULLISH | 04/26/24 | $0.77 | $0.75 | $0.75 | $8.50 | $38.8K | 1.3K | 233 |
| RIOT | CALL | SWEEP | NEUTRAL | 01/16/26 | $4.55 | $4.4 | $4.46 | $8.00 | $35.7K | 1.5K | 13 |
About Riot Platforms
Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment which generates revenue from the Bitcoin the company earns through its mining activities.
Following our analysis of the options activities associated with Riot Platforms, we pivot to a closer look at the company's own performance.
Current Position of Riot Platforms
- With a trading volume of 15,103,753, the price of RIOT is down by -5.6%, reaching $8.09.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 22 days from now.
Expert Opinions on Riot Platforms
In the last month, 5 experts released ratings on this stock with an average target price of $17.9.
- An analyst from JP Morgan persists with their Overweight rating on Riot Platforms, maintaining a target price of $15.
- Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $18.
- Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Riot Platforms with a target price of $16.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $20.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $20.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Riot Platforms options trades with real-time alerts from Benzinga Pro.
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