Financial giants have made a conspicuous bearish move on Riot Platforms. Our analysis of options history for Riot Platforms (NASDAQ:RIOT) revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $53,887, and 9 were calls, valued at $461,623.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.0 and $35.0 for Riot Platforms, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Riot Platforms stands at 4923.3, with a total volume reaching 9,263.00. 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 $2.0 to $35.0, throughout the last 30 days.
Riot Platforms 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| 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 | $5.7 | $5.6 | $5.61 | $12.00 | $109.3K | 1.9K | 198 |
| RIOT | CALL | SWEEP | BULLISH | 06/21/24 | $0.75 | $0.71 | $0.75 | $20.00 | $90.0K | 10.0K | 1.3K |
| RIOT | CALL | SWEEP | BULLISH | 01/16/26 | $3.15 | $3.0 | $3.14 | $35.00 | $56.3K | 5.8K | 10 |
| RIOT | CALL | SWEEP | BEARISH | 04/12/24 | $0.44 | $0.42 | $0.42 | $11.50 | $42.0K | 371 | 4.0K |
| RIOT | CALL | TRADE | BEARISH | 04/12/24 | $0.46 | $0.42 | $0.42 | $11.50 | $42.0K | 371 | 3.0K |
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.
In light of the recent options history for Riot Platforms, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Riot Platforms's Current Market Status
- With a volume of 13,937,426, the price of RIOT is down -5.41% at $10.85.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 36 days.
Expert Opinions on Riot Platforms
In the last month, 5 experts released ratings on this stock with an average target price of $18.6.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $20.
- An analyst from Needham downgraded its action to Buy with a price target of $18.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $20.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $20.
- In a positive move, an analyst from JP Morgan has upgraded their rating to Overweight and adjusted the price target to $15.
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.