Moderately bullish activity in Bitmine Immersion Technologies Inc (BMNR), with shares down 31c near $55.62. Options volume roughly in line with average with 131k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 0.4 points near 130.36,and above the 52wk median, suggesting an expected daily move of $4.57. Put-call skew flattened, suggesting a modestly bullish tone.
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:
- Why Did Korean Investors Pull $657M from Tesla Stock and Throw $12B Into Crypto?
- Michael Saylor and Tom Lee Lead the Charge to Convince Washington on a Bitcoin Reserve
- Bitmine Immersion Technologies Inc call buyer realizes 27% same-day gains
- Mixed options sentiment in Bitmine Immersion Technologies Inc with shares down 2.03%
- Crypto Currents: U.S. lawmakers discuss bitcoin reserve with industry leaders