Bullish option flow detected in Riot Blockchain with 50,033 calls trading, 3x expected, and implied vol increasing over 2 points to 118.87%. 3/24 weekly 9 calls and 3/31 weekly 9.5 calls are the most active options, with total volume in those strikes near 17,200 contracts. The Put/Call Ratio is 0.36. Earnings are expected on May 2nd.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RIOT:
- Riot Blockchain call volume above normal and directionally bullish
- Riot Platforms price target lowered to $9 from $10 at Northland
- Riot Platforms price target lowered to $8 from $11 at B. Riley
- Riot Announces February 2023 Production and Operations Updates
- Riot Platforms produced 675 BTC in February, up 55% from last year