Check out my Play on Ethereum

I’m not very much into crypto but I am bullish on Ethereum (ETH) and own several coins. On August 12th I bought 100 shares of Bitmine Immersion Technologies (BMNR) at $57.53 for a little exposure to Ethereum in the stock market.

By adding 373,000 ETH, BitMine Immersion Technologies has increased its holdings of Ethereum (ETH) to around 1.52 million ETH (worth about $6.6 billion), therefore making it the biggest corporate ETH holder with control over around 1.3% of the supply in circulation. BMNR is highly sensitive to Ethereum’s price moves. I feel ETH will be moving up and with a $100 Strike Price I have a lot of room for capital gains on the stock.

The premiums are very high on this fund so I decided to sell a long-dated Call option on my previously owned 100 shares of BMNR. I sold 1 BMNR 11/21/25 $100 Call for a premium of $5.30. This $530 premium is a 9.2% for the 3 month option (invested $5753 on the stock and received a premium of $530). This 9.2% is for the premium only. If I get assigned at my $100 strike Price I’ll bring in $4247 on the stock sale.

Being very bullish on Ethereum I feel this is a low risk trade. I give it a Risk Factor 1.

 

8/12/25 – Buy 100 Shares BMNR @ $57.53

8/22/25 – Sell to Open 1 BMNR 11/21/25 $100.00 C @ $5.30 → Premium $530

 

Successful trading,

Steve

The Options Coach