Pavlo Kot

RIOT shows significant open interest change on calls, Lia Holmgren notes

RIOT shows significant open interest change on calls, Lia Holmgren notes
RIOT call open interest rises for November

Open interest in calls for RIOT at the $18 strike price for November 20 has increased markedly, according to Lia Holmgren. Holmgren described this development as visible on TMAD App heatmaps and noted that market makers are hedging at these levels, which may also represent resistance.

Holmgren has recently noted other significant market moves in equities and crypto. She reported that ORCL shares fell over 50 percent in one year as the company prepared a $10 billion stock sale at a steep discount. In a separate report, Holmgren highlighted that Bitcoin dipped below $80,000 during U.S. evacuations from the Middle East.

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