Trade Of The Week: RIOT

Bitcoin has been on a huge run, nearly doubling its all-time high in recent weeks to $40,000 per BTC. Of course, this action has sparked plenty of unusual options activity in blockchain related stocks like Riot Blockchain (RIOT). Over 400,000 options traded in RIOT on a big up day for BTC last week. About 70% of the action was in calls, which tends to be bullish for the stock. Some of the bigger trades may have been tied to a weekly covered call strategy meant to generate robust yields from owning RIOT shares and selling calls.

Video Length: 00:05:21

Disclaimer: Information contained in this email and websites maintained by Investors Alley Corp. ("Investors Alley") are provided for educational purposes only and are neither an offer ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.