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Cipher Mining call volume above normal and directionally bullish

Bullish option flow detected in Cipher Mining (CIFR) with 40,775 calls trading, 1.7x expected, and implied vol increasing over 5 points to 92.51%. Oct-25 6 calls and 9/26 weekly 4.5 puts are the most active options, with total volume in those strikes near 14,900 contracts. The Put/Call Ratio is 0.21. Earnings are expected on October 28th.

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