Bullish flow in Riot Blockchain (RIOT), with shares up 94c, or 5.48%, near $18.00. Options volume more than double the daily average with 411k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.47. Implied volatility (IV30) is up nearly 12.0 points near 94.92,and above the 52wk median, suggesting an expected daily move of $1.08. Put-call skew flattened, suggesting a modestly bullish tone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIOT:
- Riot Platforms price target raised to $42 from $17.50 at Roth Capital
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories
- Micron reports Q4 beat, Instagram reports 3B MAUs: Morning Buzz
- Riot Platforms Stock Rallies on New Analyst Coverage
- Crypto Currents: HSBC joins institutional wave of blockchain technology backing