Bullish option flow detected in Hut 8 (HUT) Mining with 28,449 calls trading, 1.8x expected, and implied vol increasing almost 11 points to 106.71%. Jan-26 36 calls and 9/26 weekly 42 calls are the most active options, with total volume in those strikes near 12,400 contracts. The Put/Call Ratio is 0.26. Earnings are expected on November 10th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 HUT:
- Crypto Currents: HSBC joins institutional wave of blockchain technology backing
- Crypto Currents: Bullish secures New York BitLicense from NYDFS
- Hut 8 price target raised to $60 from $31 at Roth Capital
- Crypto Currents: CoinShares, Vine Hill enter business combination agreement
- Hut 8 price target raised to $33 from $25 at BTIG