Option traders moderately bearish in Riot Blockchain (RIOT), with shares down 66c near $15.47. Options volume relatively light with 69k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.39. Implied volatility (IV30) is higher by 4.6 points near 87.06,and below the 52wk median, suggesting an expected daily move of $0.85. Put-call skew steepened, indicating increased demand for downside protection.
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