Smart Money Is Betting Big In RIOT Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a bearish stance on Riot Platforms (NASDAQ:RIOT), with options trading activity indicating a split sentiment of 40% bullish and 60% bearish. Significant trading in RIOT options has been detected, with a notable volume and open interest in options within a strike price range of $10.0 to $20.0. The company, a vertically integrated Bitcoin mining firm, has seen its stock price increase by 0.73% to $16.65, with analysts giving mixed reviews and target prices ranging from $18 to $19.
February 16, 2024 | 3:03 pm
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Riot Platforms has seen a bearish sentiment from smart money investors, with a 60% bearish stance in recent options trading. Analysts have mixed opinions, with target prices between $18 and $19.
The bearish sentiment among smart money investors, indicated by the options trading activity, suggests a potential short-term downside for RIOT's stock price. This is further supported by the mixed analyst ratings and the current market performance of the company. The significant volume and open interest in options trading within the $10.0 to $20.0 strike price range also highlight the market's focus on RIOT's future price movements.
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IMPORTANCE 90
RELEVANCE 100