Put Buying Activity in Riot Blockchain (RIOT) Targets 24% Downside in Shares Through May -Susquehanna

Susquehanna options strategist Alison Edwards notes put buying activity in Riot Blockchain (NASDAQ: RIOT), as opening investors purchased 10k May14 30 Puts. These investors open downside protection to a move below $30 (-22%) through 5/14, setting up a breakeven point ~24% lower. The company may report earnings before the 5/14 expiry, with some estimates pointing to a possible earning release on 5/7.

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