Deep-pocketed investors have adopted a bullish approach towards Riot Platforms RIOT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RIOT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Riot Platforms. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 30% bearish. Among these notable options, 2 are puts, totaling $193,502, and 8 are calls, amounting to $365,509.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $4.0 to $20.0 for Riot Platforms during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Riot Platforms stands at 14309.6, with a total volume reaching 31,134.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Riot Platforms, situated within the strike price corridor from $4.0 to $20.0, throughout the last 30 days.
Riot Platforms Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIOT | PUT | SWEEP | BULLISH | 12/13/24 | $2.01 | $2.0 | $2.0 | $14.50 | $99.8K | 1.1K | 1.6K |
| RIOT | CALL | TRADE | BULLISH | 02/21/25 | $3.1 | $3.1 | $3.1 | $12.00 | $99.2K | 762 | 417 |
| RIOT | PUT | SWEEP | BEARISH | 03/21/25 | $0.97 | $0.94 | $0.97 | $9.00 | $93.7K | 2.8K | 1.0K |
| RIOT | CALL | SWEEP | BULLISH | 01/17/25 | $1.16 | $1.09 | $1.15 | $17.00 | $57.3K | 10.8K | 577 |
| RIOT | CALL | SWEEP | BULLISH | 01/17/25 | $0.81 | $0.8 | $0.81 | $20.00 | $46.8K | 55.8K | 3.1K |
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 volume of 33,369,169, the price of RIOT is down -0.72% at $12.86.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 77 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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