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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIOT:
- Riot Platforms Stock Soars Amid Market Buzz
- These 3 Stocks Are Crushing the Market on Black Friday – Is It Too Late to Buy?
- Crypto Currents: Klarna launches KlarnaUSD stablecoin
- Crypto Currents: Strategy unveils credit gauge, Robinhood eyes new markets
- Mixed options sentiment in Riot Blockchain with shareslittle changed