Option traders moderately bearish in Riot Blockchain (RIOT), with shares down 22c near $13.22. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 4.2 points near 75.38,in the bottom quartile of the past year, suggesting an expected daily move of $0.63. Put-call skew steepened, indicating increased demand for downside protection.
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