Deep-pocketed investors have adopted a bearish 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 19 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 31% leaning bullish and 63% bearish. Among these notable options, 2 are puts, totaling $61,379, and 17 are calls, amounting to $841,100.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $9.0 to $25.0 for Riot Platforms during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Riot Platforms options trades today is 7584.62 with a total volume of 20,124.00.
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 $25.0 over the last 30 days.
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 | CALL | TRADE | BEARISH | 01/16/26 | $2.82 | $2.8 | $2.8 | $20.00 | $70.0K | 16.1K | 3.3K |
| RIOT | CALL | TRADE | BEARISH | 01/16/26 | $2.86 | $2.8 | $2.8 | $20.00 | $70.0K | 16.1K | 2.8K |
| RIOT | CALL | TRADE | BEARISH | 01/16/26 | $2.83 | $2.8 | $2.8 | $20.00 | $70.0K | 16.1K | 1.8K |
| RIOT | CALL | TRADE | BEARISH | 01/16/26 | $2.84 | $2.8 | $2.8 | $20.00 | $70.0K | 16.1K | 1.5K |
| RIOT | CALL | TRADE | BEARISH | 01/16/26 | $2.86 | $2.8 | $2.8 | $20.00 | $69.7K | 16.1K | 2.5K |
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
- Currently trading with a volume of 18,478,271, the RIOT's price is up by 2.28%, now at $11.45.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 62 days.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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