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Cipher Mining call volume above normal and directionally bullish

Bullish option flow detected in Cipher Mining (CIFR) with 76,855 calls trading, 3x expected, and implied vol increasing over 14 points to 114.83%. Oct-25 5 puts and Sep-25 7 calls are the most active options, with total volume in those strikes near 12,600 contracts. The Put/Call Ratio is 0.21. Earnings are expected on October 28th.

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