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Deep-pocketed investors have adopted a bullish approach towards Riot Platforms (NASDAQ: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 8 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 75% leaning bullish and 25% bearish. Among these notable options, 3 are puts, totaling $485,620, and 5 are calls, amounting to $342,889.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $9.0 to $17.0 for Riot Platforms over the recent three months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Riot Platforms's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Riot Platforms's significant trades, within a strike price range of $9.0 to $17.0, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
RIOT | PUT | SWEEP | BULLISH | 09/20/24 | $4.4 | $4.35 | $4.35 | $13.00 | $209.2K | 1.3K | 71 |
RIOT | PUT | TRADE | BEARISH | 12/20/24 | $8.35 | $8.3 | $8.35 | $17.00 | $182.0K | 13 | 10 |
RIOT | CALL | TRADE | BULLISH | 07/19/24 | $0.35 | $0.29 | $0.35 | $11.00 | $149.4K | 7.0K | 420 |
RIOT | PUT | SWEEP | BEARISH | 12/20/24 | $8.4 | $8.3 | $8.35 | $17.00 | $94.3K | 13 | 291 |
RIOT | CALL | SWEEP | BULLISH | 08/16/24 | $1.49 | $1.37 | $1.37 | $9.00 | $93.9K | 178 | 675 |
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.
5 market experts have recently issued ratings for this stock, with a consensus target price of $17.6.
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 Platforms, Benzinga Pro gives you real-time options trades alerts.
Posted In: RIOT