Option traders moderately bearish in Cipher Mining with shares down 0.65%

Option traders moderately bearish in Cipher Mining (CIFR), with shares down 12c near $17.62. Options volume roughly in line with average with 94k contracts traded and puts leading calls for a put/call ratio of 1.17, compared to a typical level near 0.47. Implied volatility (IV30) dropped 6.56 near 99.84,in the bottom quartile of the past year, suggesting an expected daily move of $1.11. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Cipher Mining (CIFR) will report earnings before the open on 2026-05-05.Option markets are pricing in a 50% probability of a move greater than 10.6% or $1.87.