Mixed options sentiment in Cipher Mining (CIFR), with shares down 39c near $11.27. Options volume more than double the daily average with 76k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.23. Implied volatility (IV30) dropped 22.6 near 124.75,in the top quartile of the past year, suggesting an expected daily move of $0.89. Put-call skew steepened, indicating increased demand for downside protection.
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