Moderately bullish activity in Cipher Mining (CIFR), with shares up 28c, or 1.64%, near $17.68. Options volume running well above average with 166k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.4. Implied volatility (IV30) is higher by 3.0 points near 110.48,and below the 52wk median, suggesting an expected daily move of $1.23. Put-call skew steepened, indicating increased demand for downside protection.
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