Whales with a lot of money to spend have taken a noticeably bearish stance on Cipher Mining.
Looking at options history for Cipher Mining CIFR we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $541,898 and 4, calls, for a total amount of $162,912.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.5 and $10.0 for Cipher Mining, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Cipher Mining's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cipher Mining's whale trades within a strike price range from $3.5 to $10.0 in the last 30 days.
Cipher Mining Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CIFR | PUT | TRADE | BULLISH | 04/26/24 | $4.9 | $4.5 | $4.65 | $8.00 | $242.7K | 841 | 0 |
| CIFR | PUT | TRADE | BEARISH | 04/19/24 | $2.7 | $2.5 | $2.65 | $6.00 | $208.2K | 1.7K | 786 |
| CIFR | PUT | SWEEP | BEARISH | 04/19/24 | $1.65 | $1.55 | $1.65 | $5.00 | $60.0K | 1.2K | 574 |
| CIFR | CALL | SWEEP | BEARISH | 01/17/25 | $0.55 | $0.5 | $0.55 | $10.00 | $55.0K | 14.3K | 2.0K |
| CIFR | CALL | SWEEP | BEARISH | 01/17/25 | $0.55 | $0.5 | $0.55 | $10.00 | $50.9K | 14.3K | 1.0K |
About Cipher Mining
Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.
In light of the recent options history for Cipher Mining, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Cipher Mining
- Currently trading with a volume of 2,659,375, the CIFR's price is down by -9.18%, now at $3.31.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 21 days.
What The Experts Say On Cipher Mining
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $5.125.
- An analyst from Canaccord Genuity downgraded its action to Buy with a price target of $5.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $5.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $5.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $5.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cipher Mining with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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