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Cipher Mining call volume above normal and directionally bullish

Cipher Mining call volume above normal and directionally bullish

Bullish option flow detected in Cipher Mining with 17,187 calls trading, 2.0x expected, and implied vol increasing over 3 points to 122.25%. 7/26 weekly 4.5 puts and Jul-24 5 calls are the most active options, with total volume in those strikes near 8,400 contracts. The Put/Call Ratio is 0.40. Earnings are expected on August 6th.

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