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Moderately bullish activity in Riot Blockchain with shares down 1.26%

Moderately bullish activity in Riot Blockchain (RIOT), with shares down 17c near $13.35. Options volume relatively light with 112k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.26. Implied volatility (IV30) is higher by 1.4 points near 82.42,and below the 52wk median, suggesting an expected daily move of $0.69. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at JPMorgan.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 8.72% or $1.16.

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