The RIOT Feb 19 $20 Calls have the highest open interest, and are 65% on the call side. And the shorts don't lose them all.
Now I acknowledge that BTC could go bananas and maybe RIOT simply follows, but volume has come down. I expect a consolidation period and that we don't see big movement until after the $20 calls expire.
Overall, bullish for the next 90...
As we see higher lows and higher highs, we also see a) love for Chamath continue to grow and b) lots of people looking to hit big home runs.
I know this isn't a short squeeze so may not be en vogue this week, but folks with some freshly minted YOLO gains may find IPOF speculation and pre-announcement gambling just the thing for them. Look for two weeks of slow...
Silly asset, but i guess volatility is fun wherever. if people want to keep playing financial casino games, i don't see why this couldn't find a big move after a consolidation period.
