Moderately bullish activity in Bitmine Immersion Technologies Inc (BMNR), with shares up $1.60, or 7.39%, near $23.32. Options volume roughly in line with average with 191k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 2.7 points near 87.93,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.29. Put-call skew steepened, indicating increased demand for downside protection.
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