Notable profits for the buyer who lifted the $13.25 offer for 2,500 Bitmine Immersion Technologies Inc (BMNR) Jan-26 55 calls yesterday at 12:39ET when underlying shares were trading at $51.73. Shares closed at $55.93, and the calls at $16.82 for a mark-to-market profit of 27%, or $892K, on the $3312K outlay.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMNR:
- Mixed options sentiment in Bitmine Immersion Technologies Inc with shares down 2.03%
- Crypto Currents: U.S. lawmakers discuss bitcoin reserve with industry leaders
- BitMine Immersion Reveals Record Ethereum Holdings
- Bitmine Immersion announces crypto + cash holdings of $10.8B
- Crypto Currents: CoinShares, Vine Hill enter business combination agreement