Mixed options sentiment in Cipher Mining (CIFR), with shares down $1.29 near $17.68. Options volume roughly in line with average with 124k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.42. Implied volatility (IV30) dropped 0.17 near 119.43,and above the 52wk median, suggesting an expected daily move of $1.33. Put-call skew steepened, indicating increased demand for downside protection.
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