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Why BMNR Is an Excellent Covered Call Candidate Right Now Strong · 78/100
BMNR · $21.28 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
Quick Take
BMNR is trading at $21.28 with RSI at 52 (neutral territory). Options IV is at 92% — 22% below its 30-day average of 118%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
52
IV Today
92.3%
IV vs 30d Avg
-22%
MACD
bullish
ADX
11
MFI
51
The Setup
BMNR Covered Call
LONG STOCK
100 shares @ $21.28
SHORT CALL
$23 Jun '26 · $2.56/sh
Net Cost
$1,872
Max Profit
+$428
Break-even
$18.72
Projected P&L at Target
+$428
(22.9%)
P&L at Expiry
P&L Scenarios
What happens at different BMNR prices by expiry:
| BMNR Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $17 (-20%) | -$260 | -$223 | -$187 | -$170 |
| $18 (-15%) | -$185 | -$142 | -$94 | -$63 |
| $19 (-10%) | -$118 | -$68 | -$10 | +$43 |
| $20 (-5%) | -$55 | -$0 | +$68 | +$150 |
| $21 (-2%) | -$22 | +$36 | +$109 | +$213 |
| $21 (0%) ← now | +$0 | +$60 | +$135 | +$256 |
| $22 (+2%) | +$21 | +$82 | +$160 | +$299 |
| $22 (+5%) | +$51 | +$113 | +$193 | +$362 |
| $23 (+8%) ← target | +$79 | +$143 | +$225 | +$428 |
| $23 (+10%) | +$96 | +$160 | +$242 | +$428 |
| $24 (+15%) | +$136 | +$200 | +$283 | +$428 |
| $26 (+20%) | +$171 | +$235 | +$316 | +$428 |
Why This Strategy, Why Now
- RSI at 52 — neutral-bullish
- IV -22% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 11 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
BMNR has bullish momentum (MACD). If a positive catalyst emerges (earnings beat, product launch), the stock could gap past your strike. Consider rolling the call up if BMNR approaches the strike before expiry.