Bullish flow in Cipher Mining (CIFR), with shares up 40c, or 3.33%, near $12.24. Options volume running well above average with 148k contracts traded and calls leading puts for a put/call ratio of 0.11, compared to a typical level near 0.25. Implied volatility (IV30) is higher by 5.7 points near 133.6, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.03. Put-call skew flattened, suggesting a modestly bullish tone.
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