Mixed options sentiment in Bitmine Immersion Technologies Inc (BMNR), with shares up 88c, or 3.1%, near $29.11. Options volume roughly in line with average with 217k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.63. Implied volatility (IV30) dropped 2.79 near 91.4,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.68. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 50% 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:
- Midday Fly By: Netflix and Warner amend deal, GSK to acquire Rapt
- BitMine Stock Slide Is Offset by Overwhelming Shareholder Support for Tom Lee’s Capital-Raising Plan
- BitMine Highlights Massive Ethereum Treasury and Staking Expansion
- Bitmine Immersion reports ETH holdings of over 4.2M tokens
- Ethereum Braces for a Comeback as Supply Tightens and Validator Exit Queue Hits Zero for First Time
