Mixed options sentiment in Cipher Mining (CIFR), with shares down 58c near $21.13. Options volume running well above average with 279k contracts traded and calls leading puts for a put/call ratio of 0.96, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 1.0 points near 122.64,and above the 52wk median, suggesting an expected daily move of $1.63. Put-call skew steepened, indicating increased demand for downside protection.
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