I agree with you. I will not hold this one long term. I only buy and sell the puts and calls. The fluctuations in bitcoin price at this current time creates movement in the stock price. Bottom line, it is tracking with bitcoin right now. Feel free to compare the movement in GBTC and RIOT. I really do not care which direction the stock move as long as it moves fast. This is how I make money. Good luck.
If anyone bought RIOT simply because of a single mining equipment purchase then they are idiots. There is so much more here and apparently someone hasn't been paying attention at all.