YOLO - BMNR BitMine options call 9/11 exp, $25 strike - $26,000 basis
Author is bullish on BMNR, deploying $26,000 into call options expiring 9/11 at the $25 strike, betting on upside movement in the BitMine stock.
Past performance does not predict future results. Informational only, not investment advice.
Author is bullish on BMNR, deploying $26,000 into call options expiring 9/11 at the $25 strike, betting on upside movement in the BitMine stock.
Author bought far out-of-the-money call options on BMNR with a $25k allocation and the position is already profitable, suggesting conviction in significant upside movement.
BMNR is poised for a surge based on a 4-year cycle pattern and recent share buybacks by Tom Lee. With Ethereum at all-time highs as a catalyst, the stock is expected to reach $50 or higher.
Bitcoin and Ethereum are entering a secular bear market driven by weak interest, geopolitical risk, and Fed hawkishness. BMNR will decline from recent highs back to the $14 level as crypto headwinds intensify.
End of results.