BMNR options saw notable call activity targeting the $65 strike with expiration on January 16, 2026. The top order shows a sweep of 2,502 contracts purchased at $12.33, totaling a premium of about $3.1 million. The second order shows a sweep of 1,218 contracts at $12.15, worth $1.5 million.
Combined, these trades pushed total volume to 5,336 contracts (at the time of the trades). The daily volume is notably higher than the existing open interest of 4,741, resulting in a V/OI ratio above 1.12. This indicates aggressive new positioning rather than simple closing activity. With BMNR trading around $53.62–$53.77at the time, these calls are significantly out-of-the-money. The size and urgency of these sweeps suggest strong institutional conviction in BMNR options.
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The BMNR options $65 calls expiring January 16, 2026 have seen a major spike in recent activity. Specifically, 6,313 contracts traded on September 16th, far outpacing prior sessions. Open interest climbed to 4,741 contracts, with a modest +117 increase from the previous trading session. This confirms some new positioning but also might suggest a mix of opening and closing activity.
Earlier, on September 12th, 915 contracts traded with a small OI drop (-48), showing some churn before the large build on the 16th. The contract price has been climbing steadily. It closed at $13.00 on September 16th, up from $12.34 a few days earlier. Meanwhile, implied volatility has also expanded to 127.47%, signaling strong demand and heightened expectations of future stock movement.
Trade Side Distribution
The trade side distribution for the BMNR options $65 calls expiring January 16, 2026 shows an overwhelming buy-side bias. Of the total flow, 61% ($3.1M) of trades were executed above the ask, while the remaining 39% ($2M) were filled at the ask. Notably, there were no trades at the bid, mid, or below, which reinforces the idea that buyers were willing to pay up in order to secure contracts, signaling urgency and conviction.
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BMNR options revealed another large sweep order. This one targeted the $55 strike calls expiring January 16, 2026. A total of 2,500 contracts were purchased at $13.24 each, amounting to a sizable $3.3 million premium. The trade was executed at the ask, signaling passive buying behavior.
With BMNR trading near $51.73 at the time of the trade, these calls are slightly out-of-the-money. Daily volume came in at 5,064 contracts, exceeding the existing open interest of 4,524. This results in a V/OI ratio above 1.1, which suggests a large portion of this order flow is fresh positioning rather than just closing trades. The sweep execution underscores urgency, pointing to strong institutional conviction in BMNR options.
What’s Happening with BMNR
Bitmine Immersion Technologies Inc. (BMNR) has made headlines recently for its aggressive accumulation of Ethereum. The company is now holding over 2.15 million ETH—making it the largest ETH-holding publicly listed company. This solidifies its status as a pillar in crypto-adjacent equities. Over the last week, BMNR’s stock surged more than 30% following announcements of its crypto and cash reserves totaling $10.8 billion. Other high-profile moves include investments into Worldcoin and strategic partnerships to enhance the Ethereum ecosystem. The company is also drawing attention from institutional investors and is now listed on NYSE American, unlocking fluid access to capital markets.
Crucially, BMNR stock exhibits a strong correlation with the price movements of major cryptocurrencies, especially Bitcoin and Ethereum. This makes it a high-risk but potentially explosive proxy for traders seeking equity exposure to the crypto sector. This high correlation means BMNR’s valuation responds sharply to swings in the broader crypto market. This strong correlation amplifies both gains and losses as seen during recent volatile periods.
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Bitmine Immersion Technologies Inc. is a digital asset technology company specializing in cryptocurrency mining, with a primary focus on Bitcoin and Ethereum. The company operates large-scale Bitcoin mining farms using advanced immersion cooling technology. Mining equipment is submerged in specialized oil to optimize energy efficiency and performance.
In addition to self-mining, Bitmine provides hosting services for third-party mining operations, sells mining equipment, and offers advisory services for companies seeking Bitcoin-denominated revenue streams. The company’s data centers are located in regions with low energy costs, and they provide comprehensive infrastructure. These include power, cooling, security, and custom software to maximize mining output. Bitmine Immersion Technologies Inc. is headquartered in Las Vegas, Nevada and has positioned itself as a leading innovator in industrial-scale digital asset mining.
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Disclaimer: Options trading involves significant risk and is not suitable for all investors. You may lose the entire investment, and certain strategies may result in losses exceeding the initial amount invested. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice. Always consult a financial or tax advisor before making investment decisions.
