Mixed options sentiment in Cipher Mining (CIFR), with shares up 26c, or 2.35%, near $11.11. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.24. Implied volatility (IV30) dropped 2.1 near 121.52,in the top quartile of the past year, suggesting an expected daily move of $0.85. Put-call skew steepened, indicating increased demand for downside protection.
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