Option traders moderately bearish in Riot Blockchain (RIOT), with shares down $1.42 near $15.11. Options volume relatively light with 30k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.75. Implied volatility (IV30) is higher by 0.9 points near 88.64,and above the 52wk median, suggesting an expected daily move of $0.84. Put-call skew steepened, indicating increased demand for downside protection.
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