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Cipher Mining call volume above normal and directionally bullish

Bullish option flow detected in Cipher Mining (CIFR) with 20,208 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 110.67%. Apr-26 16 puts and Apr-26 16.5 calls are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.38. Earnings are expected on May 5th.

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