Jun. 18 at 1:20 AM
$RIOT Im an options trader and while I’m bullish overall for
$RIOT, the early week volume on
$10.50/
$11+ calls along with the Iran Israel conflict, also many investors sold Riot to buy
$CRCL - has both Riot and
$MARA tanking and those same Bullish investors are now hedging hard on
$8.50/
$8 puts and the GAMMA for
$RIOT this week has dramatically shifted and is consolidating around
$8.60
So while I do think RIOT hits
$15-
$20 later this year - the next 3 days there will be a sell off. If you’re an options trader buy your 9.5/9 Jun 20 puts