BitMine Immersion Technologies Inc. closed at USD 24.82, up 2.82%.

BMNR attracted notable options activity, headlined by a $1.33 million long call purchase at the $27.00 strike and a $874,800 call sale at the $28.00 strike. The largest block reflected a bullish long-dated bet, while the call sale indicated expectations of capped upside. Combined with a call/put volume ratio of 3.56, the flow leaned bullish, though resistance may emerge near higher strikes.

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Options Indicators

BMNR’s implied volatility stands at 85.35%, while its IV percentile is just 18.73%, indicating that although the absolute IV level is high, it sits near the lower end of its own historical range. In other words, current option pricing looks relatively cheap versus where this name’s volatility has typically traded, and the IV/HV ratio of 1.25 suggests implied volatility is running modestly above realized volatility rather than at an extreme premium.

The Call/Put volume ratio is 3.56.

Large Trades

A call purchase worth $1.33 million was the standout large trade, consisting of 5,000 contracts of the October 16, 2026 $27.00 call bought for a premium of $2.65. With BMNR referenced at $24.82, this strike was out of the money at execution, making it a clearly bullish directional bet on upside over a long-dated horizon. The buyer is paying meaningful premium for convex exposure above $27.00, which suggests expectations for a sustained rally rather than a short-term hedge.

A call sale worth $874,800 was the other highlighted block, involving 1,800 contracts of the February 19, 2027 $28.00 call sold at $4.86. Since the $28.00 strike was also out of the money versus the $24.82 reference price, this trade reflects a bearish to neutral stance, with the seller expressing skepticism that BMNR will make a large move above that level by expiration or seeking to collect premium against capped upside. Overall, the large-trade flow leans bullish, as the biggest order of the day was an aggressive long call purchase and the aggregate block activity shows buyers retaining the upper hand despite notable call selling, pointing to a market view that favors upside potential but with some resistance expected near higher strike levels.

Strategy Reference

For traders wary of chasing premium after the long-dated call buy, a bull call spread such as buying the $27.00 call and selling the $28.00 call with similar expirations can define risk while targeting a move into the $27.00–$28.00 zone; alternatively, a covered call seller could use the $28.00 strike as a low-assignment-probability candidate given the visible call-selling interest there.