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Benzinga
Benzinga
Business
Josh Enomoto

Options Corner: Here's The Veiled Correlation That Could Blow Up RIOT Stock

Gold Bitcoin

While blockchain mining enterprise Riot Platforms Inc (NASDAQ:RIOT) has been one of the market's top performers, the good times never last indefinitely. Thanks in part to political pressure, RIOT stock fell sharply on Friday. Still, amid the noise, an undercurrent within the security's short interest has developed that just might signal an explosive move down the line.

At the moment, President Donald Trump has once again stolen the limelight with another market-rippling social media post, this time threatening a sweeping increase in tariffs on Chinese imports. In response, the broader equity indices tumbled while gold and silver prices moved up.

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