Investors with a lot of money to spend have taken a bullish stance on Riot Platforms (NASDAQ:RIOT).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with RIOT, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 12 uncommon options trades for Riot Platforms.
This isn’t normal.
The overall sentiment of these big-money traders is split between 50% bullish and 41%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $351,684, and 5 are calls, for a total amount of $196,780.
What’s The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $24.5 for Riot Platforms during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging …
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