BitMine Immersion Technologies Inc. closed at USD 25.63, rising 2.89% from the previous close.
Large options trades on BMNR showed a clearly bullish tilt, dominated by two substantial out-of-the-money call purchases. The largest order was a $142,300.00 buy of 3,094 contracts at the $26.50 strike, followed by a $99,200.00 buy of 1,681 contracts at the $26.00 strike, both expiring on 2026-08-28. This concentrated accumulation of near-term upside calls points to conviction that the stock can extend its recent gains.
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Options Indicators
BMNR’s implied volatility is 82.59%, while its IV percentile stands at 14.74%, which indicates that although the absolute IV level is high, it remains low relative to its own historical range. In other words, the stock’s current option pricing is on the cheaper side compared with where it has traded in the past, and with an IV/HV ratio of 1.43, implied volatility is running above realized volatility, suggesting the options market is still pricing in more movement than the stock has recently delivered.
The Call/Put volume ratio is 2.67.
Large Trades
A call buy worth $142,300.00 was the largest displayed trade, with 3,094 contracts purchased at the $26.50 strike expiring on 2026-08-28. With BMNR referenced at $25.63, this call was out-of-the-money at the time of execution, making it a clearly bullish directional wager that the stock can push above the strike over the near term. The positioning suggests the buyer was seeking upside leverage with defined premium risk, a typical expression of short-dated optimism rather than a defensive hedge.
Another bullish single-leg trade was a $99,200.00 purchase of 1,681 call contracts at the $26.00 strike expiring on 2026-08-28. This strike was also out-of-the-money versus the $25.63 reference share price, though closer to the stock than the $26.50 calls, which points to a slightly more aggressive probability-of-profit profile while still expressing upside conviction. Overall, the large-trade flow leans bullish: the biggest orders were both call buys concentrated in nearby upside strikes, indicating traders were willing to pay premium for near-term appreciation potential, and that dominant call accumulation outweighs the smaller bearish put activity in the broader block flow.
Strategy Reference
For traders seeking a low assignment probability on the sell side, the $30.00 call strike expiring on 2026-08-28 offers an out-of-the-money buffer well above the large bullish accumulation zone, though with IV percentile at only 14.74% the premium collected may be relatively modest; alternatively, a bull call spread using the $26.00 and $26.50 strikes could express the same upside conviction while reducing upfront margin versus buying the calls outright.
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