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Option traders moderately bearish in Cipher Mining with shares down 3.48%

Option traders moderately bearish in Cipher Mining (CIFR), with shares down 50c near $13.85. Options volume running well above average with 56k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 1.0 points near 106.07,and below the 52wk median, suggesting an expected daily move of $0.93. Put-call skew steepened, indicating increased demand for downside protection.

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