Bullish flow in Bitmine Immersion Technologies Inc (BMNR), with shares up $3.88, or 10.83%, near $39.72. Options volume running well above average with 234k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 3.6 points near 102.61,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.57. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMNR:
- Crypto Currents: Strategy buys $963M in bitcoin, Bitmine adds $435M in ether
- Raymond Mow Resigns from BitMine Board
- Bitmine Immersion announces crypto + cash holdings exceeding $13.2B
- Crypto Currents: Strategy establishes $1.44B U.S. dollar reserve
- BitMine Pours $130M into Ethereum as Tom Lee Declares $62,000 ETH Price Target
