Unpacking the Latest Options Trading Trends in Riot Platforms
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment towards Riot Platforms (NASDAQ:RIOT) based on recent options trading data. The majority of options trades are bearish, with a significant amount of capital involved. Analysts have mixed ratings on the stock, with price targets ranging from $15 to $23.
October 01, 2024 | 6:31 pm
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NEGATIVE IMPACT
Riot Platforms is experiencing a bearish sentiment in options trading, with 87% of trades being bearish. Analysts have mixed ratings, with price targets ranging from $15 to $23. The stock is currently down 4.65% at $7.08.
The significant bearish sentiment in options trading suggests that investors expect the stock to decline. The mixed analyst ratings and current stock price drop further support a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100