Financial giants have made a conspicuous bullish move on Riot Platforms. Our analysis of options history for Riot Platforms RIOT revealed 25 unusual trades.
Delving into the details, we found 52% of traders were bullish, while 32% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $160,480, and 21 were calls, valued at $966,506.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $11.0 to $23.0 for Riot Platforms over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Riot Platforms stands at 12224.35, with a total volume reaching 37,447.00. 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 $11.0 to $23.0, throughout the last 30 days.
Riot Platforms Option Activity Analysis: 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 | CALL | TRADE | BEARISH | 02/21/25 | $4.05 | $3.9 | $3.96 | $12.00 | $138.6K | 2.1K | 350 |
| RIOT | CALL | TRADE | BULLISH | 03/21/25 | $1.56 | $1.55 | $1.56 | $21.00 | $78.0K | 10.3K | 3.1K |
| RIOT | PUT | SWEEP | BULLISH | 12/20/24 | $0.56 | $0.55 | $0.55 | $14.00 | $66.1K | 3.8K | 4.4K |
| RIOT | CALL | SWEEP | BEARISH | 01/17/25 | $1.24 | $1.21 | $1.21 | $17.00 | $60.4K | 10.6K | 510 |
| RIOT | CALL | TRADE | BULLISH | 02/21/25 | $2.89 | $2.87 | $2.89 | $14.00 | $57.8K | 1.4K | 393 |
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.
Present Market Standing of Riot Platforms
- With a volume of 26,724,946, the price of RIOT is up 0.78% at $14.14.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 65 days.
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If you want to stay updated on the latest options trades for Riot Platforms, Benzinga Pro gives you real-time options trades alerts.
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