Bearish options flow identified in Bitmine Immersion Technologies Inc (BMNR), with shares down $2.23 near $20.11. Options volume roughly in line with average with 134k contracts traded and puts leading calls for a put/call ratio of 1.06, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 4.7 points near 102.67,and below the 52wk median, suggesting an expected daily move of $1.30. Put-call skew steepened, indicating increased demand for downside protection.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMNR:
- Crypto Currents: Bitcoin markets face identity crisis as miners rally
- Cathie Wood Buys the Dip in Roblox and Crypto Stocks, Trims Stakes in Airbnb and DraftKings
- Moderately bullish activity in Bitmine Immersion Technologies Inc with shares down 2.0%
- Ark Invest Stock Buys: Cathie Wood Spends $72M on Crypto Stocks as Bitcoin Struggles
- Crypto Currents: Markets face liquidity strain amid regulatory shifts