Option traders moderately bearish in Riot Blockchain (RIOT), with shares down 38c near $13.72. Options volume roughly in line with average with 18k contracts traded and calls leading puts for a put/call ratio of 0.15, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 1.5 points near 89.14,and above the 52wk median, suggesting an expected daily move of $0.77. Put-call skew steepened, indicating increased demand for downside protection.
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