Mixed options sentiment in Cipher Mining with shares up 3.92%

Mixed options sentiment in Cipher Mining (CIFR), with shares up 30c, or 3.92%, near $7.82. Options volume roughly in line with average with 69k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.25. Implied volatility (IV30) dropped 0.42 near 107.37,and below the 52wk median, suggesting an expected daily move of $0.53. Put-call skew steepened, indicating increased demand for downside protection.