CIFR251017P00006000 Option on Cipher Mining

CIFR Stock  USD 5.68  0.48  7.79%   
CIFR251017P00006000 is a PUT option contract on Cipher Mining's common stock with a strick price of 6.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 80 days remaining before the expiration. The option is currently trading at a bid price of $1.02, and an ask price of $1.08. The implied volatility as of the 29th of July is 80.0.
When exercised, put options on Cipher Mining produce a short position in Cipher Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Cipher Mining's downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that Cipher Mining will have an average daily up or down price movement of about 0.0628% per day over the life of the option. With Cipher Mining trading at USD 5.68, that is roughly USD 0.003564. If you think that the market is fully understating Cipher Mining's daily price movement you should consider buying Cipher Mining options at that current volatility level of 1.0%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Cipher Mining

An 'Out of The Money' option on Cipher has a strike price that Cipher Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Cipher Mining's 'Out of The Money' options include buying the options if you expect a big move in Cipher Mining's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Put Contract NameCIFR251017P00006000
Expires On2025-10-17
Days Before Expriration80
Vega0.011036
Gamma0.131244
Theoretical Value1.03
Open Interest1878
Current Trading Volume1.0
Strike Price6.0
Last Traded At1.03
Current Price Spread1.02 | 1.08
Rule 16 Daily Up or DownUSD 0.003564

Cipher short PUT Option Greeks

Cipher Mining's Option Greeks for the contract ending on 2025-10-17 at a strike price of 6.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Cipher Mining's option greeks, its implied volatility helps estimate the risk of Cipher Mining stock implied by the prices of the options on Cipher Mining's stock.
Delta-0.379393
Gamma0.131244
Theta-0.006501
Vega0.011036
Rho-0.006273

Cipher long PUT Option Payoff at expiration

Put options written on Cipher Mining grant holders of the option the right to sell a specified amount of Cipher Mining at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Cipher Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Cipher Mining is like buying insurance aginst Cipher Mining's downside shift.
   Profit   
       Cipher Mining Price At Expiration  

Cipher short PUT Option Payoff at expiration

By selling Cipher Mining's put option, the investors signal their bearish sentiment. A short position in a put option written on Cipher Mining will generally make money when the underlying price is above the strike price. Therefore Cipher Mining's put payoff at expiration depends on where the Cipher Stock price is relative to the put option strike price. The breakeven price of 4.97 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Cipher Mining's price. Finally, at the strike price of 6.0, the payoff chart is constant and positive.
   Profit   
       Cipher Mining Price At Expiration  
View All Cipher Mining Options

Cipher Mining Available Put Options

Cipher Mining's option chain is a display of a range of information that helps investors for ways to trade options on Cipher. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cipher. It also shows strike prices and maturity days for a Cipher Mining against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
 Put
CIFR251017P00015000015.08.85 - 9.158.85In
 Put
CIFR251017P00014000014.07.9 - 8.057.9In
 Put
CIFR251017P00013000013.06.95 - 7.156.95In
 Put
CIFR251017P00012000012.06.0 - 6.16.0In
 Put
CIFR251017P00011000311.05.05 - 5.24.96In
 Put
CIFR251017P00010000010.04.15 - 4.34.15In
 Put
CIFR251017P000090001809.03.25 - 3.43.43In
 Put
CIFR251017P000080003408.02.42 - 2.532.24In
 Put
CIFR251017P0000700015487.01.69 - 1.831.59In
 Put
CIFR251017P0000600018786.01.02 - 1.081.03Out
 Put
CIFR251017P000050004185.00.51 - 0.560.53Out
 Put
CIFR251017P000040004524.00.11 - 0.270.21Out
 Put
CIFR251017P000030001033.00.05 - 0.250.15Out
 Put
CIFR251017P000020001162.00.0 - 0.050.05Out
 Put
CIFR251017P0000100021.00.0 - 0.20.03Out

Cipher Mining Corporate Management

Additional Tools for Cipher Stock Analysis

When running Cipher Mining's price analysis, check to measure Cipher Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cipher Mining is operating at the current time. Most of Cipher Mining's value examination focuses on studying past and present price action to predict the probability of Cipher Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cipher Mining's price. Additionally, you may evaluate how the addition of Cipher Mining to your portfolios can decrease your overall portfolio volatility.