Looking at Riot Blockchain’s recent whale trader
A whale with a lot of money to spend has taken a noticeably bullish stance Riot Blockchain.
Looking at alternative history for Riot Blockchain RIOT we discovered 10 strange trades.
If we consider the details of each trade, it is accurate to say that 50% of investors opened trades with bullish expectations and 50% with bearish.
Of the total spotted trades, 5 puts, for a total amount of $ 1,098,080 and 5, calls, for a total amount of $ 212,677.
What is the price target?
Considering the volume and open interest in these contracts, it appears that whales have been aiming for a price range of $ 1.0 to $ 35.0 for the Riot Blockchain over the past 3 months.
Volume and open interest development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest of Riot Blockchain options for a given trigger price. Below we can observe the development of the volume and open interest in calls and putts for all Riot Blockchain whale traders within a strike price range from $ 1.0 to $ 35.0 in the last 30 days.
Riot Blockchain option volume and open interest rate for the last 30 days
The biggest options that have been discovered:
| Symbol | PUT / RING | Trade type | Sentiment | Exp. Date | Redemption price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RIOT | SET | SWEEP | BULLISK | 09/16/22 | $ 35.00 | $ 922.7K | 1.0K | 369 |
| RIOT | SET | TRADE | BULLISK | 09/16/22 | $ 35.00 | $ 67.1K | 1.0K | 392 |
| RIOT | SET | TRADE | NEUTRAL | 01/20/23 | $ 15.00 | $ 49.4K | 3.2K | 50 |
| RIOT | CALL | SWEEP | BULLISK | 08/07/22 | $ 1.00 | $ 46.5K | 7 | 300 |
| RIOT | CALL | SWEEP | BEARISH | 08/07/22 | $ 1.00 | $ 45.3K | 7 | 400 |
| Symbol | PUT / RING | Trade type | Sentiment | Exp. Date | Redemption price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RIOT | SET | SWEEP | BULLISK | 09/16/22 | $ 35.00 | $ 922.7K | 1.0K | 369 |
| RIOT | SET | TRADE | BULLISK | 09/16/22 | $ 35.00 | $ 67.1K | 1.0K | 392 |
| RIOT | SET | TRADE | NEUTRAL | 01/20/23 | $ 15.00 | $ 49.4K | 3.2K | 50 |
| RIOT | CALL | SWEEP | BULLISK | 08/07/22 | $ 1.00 | $ 46.5K | 7 | 300 |
| RIOT | CALL | SWEEP | BEARISH | 08/07/22 | $ 1.00 | $ 45.3K | 7 | 400 |
Where is Riot Blockchain right now?
- With a volume of 27,016,707, the price of RIOT is up 3.5% to $ 5.46.
- RSI indicators suggest that the underlying stock may approach overbought.
- The next revenue is expected to be announced in 33 days.
What experts say about Riot Blockchain:
- Compass Point upgraded its action to Buy with a $ 14 price target
- Cantor Fitzgerald downgraded the action to Overweight with a $ 42 price target
- B. Riley Securities has decided to maintain its Buy rating on the Riot Blockchain, which currently has a price target of $ 16.
Options are a more risky resource compared to just trading the stock, but they have a higher earning potential. Serious option traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator and following the markets closely.
If you want to stay up to date on the latest Riot Blockchain option trades, Benzinga Pro gives you real-time option alerts.
