RIOTRiot Platforms, Inc. Common Stock
Options Analysis Report•FINANCE SERVICES
Market Cap $9.3B|NASDAQ
● 2026-05-15$24.62
BULLISH
Analysis: 2026-05-14 EOD data
1Y +183.0%YTD +73.9%7D +2.2%
Options Vol
67,535
30D
Implied Move
±23.9%
IV Rank
35%
RIOT Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 87.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.95x — IV ≤ HV
Sector Relative≤50%
Sector percentile 91% — above sector median
Term Structure
<1.1xFront/Back 1.01x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 85.0% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 100.4% (ATM 85.0% + spread 7.7% + bias) — expensive
Execution Efficiency
<3.0%Total drag 11.15% (spread 7.72% + slippage 3.43%) — high friction
Vega Efficiency
≥5.0Vega efficiency 4.30 (vega 3.318 / spread 7.72%) — spread drag
Sentiment
Bullish or bearish?
6.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: +3%, Raw: +6%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +3% (neutral) — Raw: +6%
OI Skew Magnitude
≥15%|OI skew| 27.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +38.8%, OI skew +27.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 40%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -39%, ATM: -10%, OTM: +21% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 23% — very bullish vs sector
Activity
Unusual activity?
4.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 6.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +16.7% (5d) — building
Sector Relative≥60%
Sector activity percentile 72% — active vs sector
Trade Quality
≥30%Large trade volume 35% — institutional presence
Execution Urgency
≥60%Aggressive execution 39% — patient
Flow Conviction
≥30Conviction +3 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 7.7% — wide
Adequate OI
≥10,000OI 1,011,988 — deep
Active Volume
≥500Volume 67,535/day — active
Reasonable Cost
≤$0.50$0.39 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 93% — much wider than sector
Order Book Depth
≥100 contractsDepth 745.4 contracts (bid:383.9 ask:361.5) — deep
Execution Quality
<1.0%Avg slippage 3.43% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +1.2% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 87% — seller opportunity
Event Detection
≥10pts kinkIV kink 4.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 97.30 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +3% @ 51% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 65 (ITM 20% + inst 35%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.6
bullishIV fair, bullish flow
Long Puts4.5
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.0
bullishIV fair, bullish flow
Covered Call5.0
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.