pull down to refresh
I haven’t yet. I am not sure I agree with the pricing to grow the business. One would need to dive deeper into the fundamentals. But IREN exploded to the upside that will naturally bring more options activity to the stock regardless of the fundamentals.
Options are speculation on steroids due to the time decay and the chance for massive gains with minimal price action on the stock. IREN just mine I don’t think it isa bitcoin play plus most of the bitcoin equities haven’t got much of a bid in this market so I think most of the price premium for IREN is coming from AI.
When I held Bitfarms LEAPs this was purely the case. But now they are full AI I dumped all my investments in bitframs. They should rebrand to AiFarms
reply
Have you done one in this series on IREN? There's a guy in pleb lab who is super bullish on them and has been trading their options.
His reasoning: their stock is priced 1:1 to their net asset value, pricing the team's ability to grow the business at $0. Also, they have two drivers of volatility/speculation - bitcoin and AI - so their options market is thick.