Financial giants have made a conspicuous bullish move on Riot Platforms. Our analysis of options history for Riot Platforms RIOT revealed 12 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $317,713, and 8 were calls, valued at $400,449.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $9.0 and $15.0 for Riot Platforms, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Riot Platforms options trades today is 5642.7 with a total volume of 11,730.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Riot Platforms's big money trades within a strike price range of $9.0 to $15.0 over the last 30 days.
Riot Platforms Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIOT | PUT | SWEEP | BULLISH | 12/20/24 | $6.3 | $6.2 | $6.2 | $15.00 | $186.0K | 200 | 378 |
| RIOT | PUT | SWEEP | BULLISH | 12/20/24 | $6.3 | $6.2 | $6.2 | $15.00 | $74.4K | 200 | 378 |
| RIOT | CALL | SWEEP | BEARISH | 07/19/24 | $0.39 | $0.36 | $0.36 | $14.00 | $72.0K | 2.8K | 2.1K |
| RIOT | CALL | TRADE | BULLISH | 06/21/24 | $0.21 | $0.19 | $0.21 | $12.00 | $63.0K | 30.3K | 3.8K |
| RIOT | CALL | SWEEP | BULLISH | 09/20/24 | $1.21 | $1.17 | $1.21 | $13.00 | $60.5K | 6.1K | 1.2K |
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.
Riot Platforms's Current Market Status
- With a volume of 22,856,776, the price of RIOT is up 3.32% at $9.97.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 62 days.
What The Experts Say On Riot Platforms
3 market experts have recently issued ratings for this stock, with a consensus target price of $14.0.
- An analyst from HC Wainwright & Co. has revised its rating downward to Buy, adjusting the price target to $17.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Riot Platforms with a target price of $12.
- Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Riot Platforms, targeting a price of $13.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Riot Platforms with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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