Looking At Riot Platforms's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent analysis of unusual options activity for Riot Platforms (NASDAQ:RIOT) shows a bullish sentiment among traders, with 70% of trades being bullish. The analysis revealed 10 unusual trades, including 2 puts valued at $63,525 and 8 calls valued at $348,030, targeting a price window of $15.0 to $35.0. Riot Platforms, a Bitcoin mining company, is currently trading at $15.23, up by 0.86%, with an RSI suggesting it may be approaching overbought. An earnings release is anticipated in 11 days, and an analyst from Needham maintains a Buy rating with a target price of $18.
February 22, 2024 | 6:46 pm
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POSITIVE IMPACT
Riot Platforms shows bullish options activity with a significant volume of calls over puts, indicating a positive sentiment among traders. The stock is currently up by 0.86% and is trading at $15.23, with an earnings release expected soon. Needham maintains a Buy rating with a target price of $18.
The bullish options activity, combined with the current positive stock movement and the upcoming earnings release, suggests a short-term positive impact. The analyst rating from Needham supports this outlook, indicating a potential increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100