Option traders moderately bearish in Cipher Mining with shares down 4.79%

Option traders moderately bearish in Cipher Mining (CIFR), with shares down 90c near $17.98. Options volume roughly in line with average with 104k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 0.0 points near 103.32,and below the 52wk median, suggesting an expected daily move of $1.17. Put-call skew steepened, indicating increased demand for downside protection.