Riot Blockchain Unusual Options Activity

Riot Blockchain Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Riot Blockchain.

Looking at options history for Riot Blockchain RIOT we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $2,050,975 and 4, calls, for a total amount of $266,749.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.0 to $115.0 for Riot Blockchain over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Riot Blockchain's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Riot Blockchain's whale trades within a strike price range from $4.0 to $115.0 in the last 30 days.

Riot Blockchain Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RIOT PUT SWEEP BEARISH 01/20/23 $115.00 $662.7K 1 60
RIOT PUT SWEEP BEARISH 01/20/23 $105.00 $541.3K 0 54
RIOT PUT SWEEP BULLISH 01/19/24 $10.00 $298.1K 1.7K 677
RIOT PUT SWEEP BULLISH 01/19/24 $13.00 $178.0K 1.6K 3
RIOT CALL SWEEP BEARISH 06/16/23 $9.00 $121.8K 3.0K 2.8K

Where Is Riot Blockchain Standing Right Now?

  • With a volume of 6,498,462, the price of RIOT is down -2.26% at $4.54.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 71 days.

What The Experts Say On Riot Blockchain:

  • HC Wainwright & Co. downgraded its action to Buy with a price target of $10

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Riot Blockchain, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets