Call Options on RIOT on 11/27/2023

Riot Platforms, Inc. (RIOT), together with its subsidiaries, operates as a bitcoin mining company in North America. It operates through Bitcoin Mining, Data Center Hosting, and Engineering segments.

The company also provides co-location services for institutional-scale bitcoin mining companies; and critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners.

In addition, it engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy; operation of data centers; and maintenance/management of computing capacity. T

The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is based in Castle Rock, Colorado.

Shares should be treading higher as the stock moves out of it's double bottom formation.

We will be trading December 22nd Options.

Last Trade: $12.02

Trading Range: $85.57 to $142.38

Trade Buy 1 December $12.00 Call at $1.30 For a net debit of $1.30 Profit/Loss Analysis Breakeven at $13.30 Maximum profit is unbounded Maximum loss is ($130.00) at strike of $12.00 Closing Summary Sold 1 December $12.00 Call at $3.50

Position closed on 12/14/2023 at price of $3.50 with a 169.23% gain in 17 days.

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