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Mixed options sentiment in Cipher Mining with shares down 2.55%

Mixed options sentiment in Cipher Mining (CIFR), with shares down 58c near $22.18. Options volume roughly in line with average with 260k contracts traded and puts leading calls for a put/call ratio of 1.14, compared to a typical level near 0.28. Implied volatility (IV30) dropped 9.22 near 129.63,in the top quartile of the past year, suggesting an expected daily move of $1.81. Put-call skew steepened, indicating increased demand for downside protection.

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