Riot Platforms's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Riot Platforms (NASDAQ:RIOT) shows a bearish sentiment among big money investors, with 60% of detected trades being bearish. The trading volume and open interest suggest a focus on a price range between $6.0 and $20.0. Significant trades include both bullish and bearish positions, with notable trades in calls and puts. Riot Platforms, a Bitcoin mining company, is currently trading at $9.76, down by -1.11%. Analysts have given mixed ratings, with an average target price of $17.3. JP Morgan and B. Riley Securities are optimistic, while Cantor Fitzgerald has shown concerns.
April 11, 2024 | 2:46 pm
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Bearish options trading sentiment detected among investors, with a focus on a price range between $6.0 and $20.0. Mixed analyst ratings with an average target price of $17.3. Currently trading at $9.76, down by -1.11%.
The bearish sentiment in options trading, combined with the current downward price movement, suggests a short-term negative impact on RIOT's stock price. However, the mixed analyst ratings and the average target price significantly higher than the current trading price indicate underlying positive sentiments that could buffer against a steep decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100