Moderately bullish activity in Cipher Mining (CIFR), with shares up 2c, or 0.16%, near $15.78. Options volume relatively light with 60k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.21. Implied volatility (IV30) is higher by 0.6 points near 137.38, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.37. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Cipher Mining (CIFR) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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