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NetWorthFocused
Dec 20, 2020 5:59 AM

RIOT Unusual Call Activity 

Riot Platforms, Inc.NASDAQ

Description

Unusual OI and call volume on the the 1/15/21 15c. Check with your broker but TD showing big spike on 12/16, 12/17 & 12/18.

Following its lower trendline, caught horizontal support as well as the support on the 8 EMA. I'd like to see a break on the upper resistance trendline on the RSI before making an entry.

Comments
FrenzyTrade
it's coming back down to $11 then another explosive move
NetWorthFocused
@FrenzyTrade I’m looking at the same level for pull back.
Nineacrecourt
Do you think it will hit 2018 prices? Around $45.
abel11
You are a great trader
NetWorthFocused
@abel11, Thank you abell11!!! That means alot!!!
NetWorthFocused
Good question. I think fundamentally yes on account of it being so tied to BTC. I’d personally just play the set ups on this one though. Great momentum stock but it should fizzle. I don’t like to hold stocks like this very long.
NetWorthFocused
Solid day today. Still looks like more to go. OI on the 1/15/21 15c still strong but volume shifted to the $11.50 and $12.
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