Mixed options sentiment in Bitfarms (BITF), with shares down 6c near $4.55. Options volume roughly in line with average with 111k contracts traded and calls leading puts for a put/call ratio of 0.14, compared to a typical level near 0.19. Implied volatility (IV30) dropped 4.57 near 162.38,in the top quartile of the past year, suggesting an expected daily move of $0.47. 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:
- Bitfarms Secures $50 Million Funding Boost with Macquarie
- Moderately bullish activity in Bitfarms with shares up 9.24%
- Crypto Currents: Coinbase acquires capital raising platform Echo
- Bitfarms Issues Convertible Senior Notes to Bolster Financial Strategy
- Bitfarms price target raised to $7 from $3 at B. Riley