BMNR · Wheel

BitMine Immersion Technologies, Inc. Common Stock (BMNR) wheel

The cash-secured put → assigned shares → covered call cycle for this ticker.

$21.66
Modelled strike
$17.50
Modelled premium
$0.25
Cash required
$1,750.00
Breakeven
$17.25
Downside buffer
20.3%
Period return
1.4%
Annualized return
26.0%
Days to expiration
22
Strategy payoffModelled cash-secured put payoff. Spot $21.66. Expiry maximum profit $25.00 · Expiry maximum loss -$1,725.00 · Expiry breakevens $17.25. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$10.83: Expiration P/L: -$642.00 Update time unavailable
Event / reference markers
  • Spot: $21.66
  • Expiry breakeven $17.25: $17.25
  • sell put strike $17.50: $17.50
Exact data table

Strategy payoff · full stored dataset, independent of graph range/toggles

ObservationExpiration P/L (USD)ContextUpdated
-$642.00Update time unavailable
-$620.34Update time unavailable
-$598.68Update time unavailable
-$577.02Update time unavailable
-$555.36Update time unavailable
-$533.70Update time unavailable
-$512.04Update time unavailable
-$490.38Update time unavailable
-$468.72Update time unavailable
-$447.06Update time unavailable
-$425.40Update time unavailable
-$403.74Update time unavailable
-$382.08Update time unavailable
-$360.42Update time unavailable
-$338.76Update time unavailable
-$317.10Update time unavailable
-$295.44Update time unavailable
-$273.78Update time unavailable
-$252.12Update time unavailable
-$230.46Update time unavailable
-$208.80Update time unavailable
-$187.14Update time unavailable
-$165.48Update time unavailable
-$143.82Update time unavailable
-$122.16Update time unavailable
-$100.50Update time unavailable
-$78.84Update time unavailable
-$57.18Update time unavailable
-$35.52Update time unavailable
-$13.86Update time unavailable
$0.00Update time unavailable
$7.80Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Spot referenceUpdate time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
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$25.00Update time unavailable
$25.00Update time unavailable
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$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
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$25.00Update time unavailable
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$25.00Update time unavailable
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$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $17.25 per share after premium; the shares can keep falling.

Stage C would sell a $26.00 call for about $0.43, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 29, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.