Bullish flow in Bitfarms (BITF), with shares up 52c, or 14.99%, near $3.99. Options volume roughly in line with average with 171k contracts traded and calls leading puts for a put/call ratio of 0.12, compared to a typical level near 0.17. Implied volatility (IV30) is up nearly 15.0 points near 146.75,in the top quartile of the past year, suggesting an expected daily move of $0.37. Put-call skew flattened, suggesting a modestly bullish tone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BITF:
- Crypto Currents: Bitcoin surges as cryptocurrency market cap tops $4T
- Crypto Currents: Tether adds billions as Visa pilots stablecoins
- Mixed options sentiment in Bitfarms with shares down 3.6%
- Mixed options sentiment in Bitfarms with shares down 15.96%
- Unusually active option classes on open September 15th