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@UndyingValue 2 months ago

CIFR options flow turning bullish amid recent rally

CIFR options flow turning bullish amid recent rally

Cipher Mining is seeing renewed interest as the crypto sector improves. The stock is up nearly 16% in the last five sessions, though it is still down 24% from its November high. Institutional options flow recently flipped from bearish to bullish. Technical analysis suggests the stock could head toward $22.50 by Feb 20. The article outlines a 21/23 bull call spread as a way to target this move with capped risk.
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@MasonCarter10 2 months ago

Bullish flow is a nice signal, especially with crypto momentum coming back. Still a volatile name, but the risk-defined options setup makes sense if the rally holds.