Notable Tuesday Option Activity: DLTR, BTDR, RIOT

Bitdeer Technologies Group (BTDR) and Riot Platforms Inc (RIOT) are experiencing notably high options trading volumes today, representing approximately 49.3% and 48.2% of their respective average daily share volumes. This significant activity is concentrated in long-dated call options, specifically the BTDR $20 strike (January 2026 expiry) and the RIOT $25 strike (December 2025 expiry), indicating substantial bullish speculative interest in these crypto-exposed equities.

Analysis

Bitdeer Technologies Group (BTDR) and Riot Platforms (RIOT) are both witnessing a substantial surge in options market activity, indicating heightened speculative interest. Today's options volume in BTDR reached 18,228 contracts, equivalent to 1.8 million underlying shares, which constitutes a significant 49.3% of its 3.7 million share average daily volume. Similarly, RIOT's options volume hit 170,916 contracts, representing 17.1 million shares or 48.2% of its 35.5 million share average daily volume. The activity is not diffuse; it is notably concentrated in long-dated call options. For BTDR, 5,497 contracts were traded for the $20 strike call expiring in January 2026. For RIOT, the focus was on the $25 strike call expiring in December 2025, which saw 13,142 contracts traded. This specific flow into long-term calls suggests a significant, directional speculative bet on substantial price appreciation for both companies over the next 18-24 months.

Key Decisions for Investors

• Investors with a bullish thesis on BTDR and RIOT might view the heavy volume in long-dated call options as a reinforcing technical signal, suggesting a segment of the market anticipates significant long-term price appreciation.