Analyst Recommends This Crypto Stock for Options Trade

We recently published 10 Stock News You Can’t Miss As Investors Watch AI Trade Momentum. Bitmine Immersion Technologies Inc (NYSEAMERICAN:BMNR) is one of the stock news you can't miss.

Bryn Talkington from CNBC Investment Committee reiterated her bullish options strategy for BMNR on October 18. Here is what the analyst said:

“Okay, for my crypto friends, Bitmine Immersion Technologies Inc (NYSEAMERICAN:BMNR), buy BMNR here. You can sell the November 55 calls. You get 10% or five bucks and if it gets called away in November 21st, you’ve made 20% in a month.”

While we acknowledge the potential of BMNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.