{"id":15930,"date":"2025-08-22T13:04:36","date_gmt":"2025-08-22T17:04:36","guid":{"rendered":"https:\/\/www.mainstbeatswallst.com\/?page_id=15930"},"modified":"2025-08-22T13:11:19","modified_gmt":"2025-08-22T17:11:19","slug":"check-out-my-play-on-ethereum","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=15930","title":{"rendered":"Check out my Play on Ethereum"},"content":{"rendered":"

\"\"<\/a>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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Being very bullish on Ethereum I feel this is a low risk trade. I give it a Risk Factor 1.<\/p>\n

 <\/p>\n

8\/12\/25 \u2013 Buy<\/strong> 100 Shares BMNR @ $57.53<\/p>\n

8\/22\/25 \u2013 Sell to Open<\/strong> 1 BMNR 11\/21\/25 $100.00 C @ $5.30 \u2192 Premium $530<\/strong><\/p>\n

 <\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-15930","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-48W","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15930"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15930\/revisions"}],"predecessor-version":[{"id":15934,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15930\/revisions\/15934"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}