Riot Platforms Unusual Options Activity For July 17
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown unusual bearish options activity on Riot Platforms (NASDAQ:RIOT), with a significant number of trades indicating a bearish sentiment. The stock is currently trading at $11.99, down by 5.59%, and has an anticipated earnings release in 21 days. Analysts have set an average target price of $23.0.
July 17, 2024 | 4:46 pm
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NEGATIVE IMPACT
Riot Platforms has seen unusual bearish options activity, with 55% of trades indicating a bearish sentiment. The stock is currently down by 5.59% to $11.99. Analysts have set an average target price of $23.0, and the company has an anticipated earnings release in 21 days.
The significant bearish options activity suggests that high-rolling investors are expecting a decline in Riot Platforms' stock price. The current price drop of 5.59% and the upcoming earnings release add to the uncertainty, making a short-term negative impact likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100