Riot Platforms Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Riot Platforms (NASDAQ:RIOT), with a significant move in options trading detected by Benzinga. The activity includes 13 extraordinary options activities, with a lean towards bullish sentiment (53%) over bearish (46%). Notable options activity includes both calls and puts with strike prices ranging from $10.0 to $40.0. Riot Platforms, a Bitcoin mining company, has seen its stock price decrease by -1.21%, with an average analyst price target of $19.6. The next earnings report is expected in 51 days.
March 18, 2024 | 4:31 pm
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Riot Platforms has seen a bullish sentiment in options trading, with a mix of calls and puts indicating investor interest. The stock is currently down, but analysts have set an average price target of $19.6.
The bullish sentiment in options trading, despite the current stock price decrease, suggests investors are optimistic about RIOT's future. The significant options activity, combined with the analysts' average price target, indicates potential short-term price increase.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100