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Riot Blockchain put volume heavy and directionally bearish

Bearish flow noted in Riot Blockchain with 21,486 puts trading, or 1.5x expected. Most active are Apr-26 12 puts and Jun-26 8 puts, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 1.75, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 30th.

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