Whales with a lot of money to spend have taken a noticeably bearish stance on Riot Platforms.
Looking at options history for Riot Platforms (NASDAQ:RIOT) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $156,400 and 9, calls, for a total amount of $570,075.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.5 to $14.0 for Riot Platforms over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Riot Platforms options trades today is 4015.3 with a total volume of 19,924.00.
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 $8.5 to $14.0 over the last 30 days.
Riot Platforms Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIOT | CALL | SWEEP | BEARISH | 02/21/25 | $0.87 | $0.86 | $0.86 | $12.50 | $153.0K | 784 | 2.1K |
| RIOT | PUT | TRADE | BEARISH | 01/31/25 | $2.15 | $1.93 | $2.1 | $14.00 | $126.0K | 2.1K | 602 |
| RIOT | CALL | TRADE | BULLISH | 01/31/25 | $0.27 | $0.25 | $0.29 | $12.00 | $110.6K | 14.2K | 10.6K |
| RIOT | CALL | SWEEP | BEARISH | 02/07/25 | $0.73 | $0.72 | $0.72 | $12.00 | $76.0K | 3.7K | 1.8K |
| RIOT | CALL | TRADE | NEUTRAL | 05/16/25 | $3.3 | $3.2 | $3.25 | $10.00 | $65.0K | 4.8K | 220 |
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.
Having examined the options trading patterns of Riot Platforms, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Riot Platforms's Current Market Status
- With a trading volume of 25,745,058, the price of RIOT is up by 3.74%, reaching $11.64.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 21 days from now.
Professional Analyst Ratings for Riot Platforms
In the last month, 1 experts released ratings on this stock with an average target price of $16.0.
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.* An analyst from Needham persists with their Buy rating on Riot Platforms, maintaining a target price of $16.
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.
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