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[BMNR stock price surged, IV big dump, how to seize the opportunity with options?]
At the end of July, $BitMine Immersion(BMNR)$ disclosed S-3 resale documents, triggering a big dump, but soon the repurchase plan and a huge ETH treasury executed a "backhanded roundhouse kick", causing the stock price to rebound from $30 to $38 in just one week. Last night it surged over 15%, with trading volume surpassing 46 million shares, reigniting interest.
From on-chain data, BMNR currently holds 833,000 ETH, worth approximately $3 billion, surpassing both the Ethereum Foundation and SharpLink Gaming (SBET), ranking as the largest on-chain treasury. In the past 30 days, holdings have grown by 410%, becoming the leader of the "ETH treasury concept" favored by Wall Street capital.
Many people ask: "Is it still possible to get in now? Will the IV be too high?" In fact, from the options data, BMNR's current 30-day implied volatility is about 100%, and the IV Rank is only 0%, having dropped from a high of 160% at the end of July. Although the absolute value is still relatively high, it is in a "cooling down" state relative to history.
But don't misunderstand: this does not mean the market is over, but rather a signal for strategy switching under volatility compression.
📌 If bullish: consider a 35/40 Call Spread expiring on 8/15, controlling costs while betting on the continuation of the market trend;
📌 If neutral to bullish: Sell 8/15 32 Put, lock in $3 safety cushion, collect high IV premium;
📌 If sideways movement is expected: construct a 30–40 Iron Condor, harvesting Vega + Theta in both directions.
This post is for communication purposes only and does not constitute investment advice. Profit and loss are at your own risk. #ETH