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New options for Cipher Mining Inc (CIFR) became available today, with a December 2026 expiration. The newly introduced put contract at a $20.00 strike price has a current bid of $7.00, allowing investors to potentially purchase shares at an effective cost basis of $13.00, a 5% discount from the current share price of $21.15. The odds of this contract expiring worthless are approximately 77%, presenting a potential 35% return on cash commitment, or 30.71% annualized.
On the call options side, a contract at a $25.00 strike price has a current bid of $7.50. If an investor buys shares at $21.15 and sells this covered call, they could achieve a total return of 53.66% by expiration, assuming the stock gets called away. There is a 28% chance this call option will expire worthless. The premiums from both options are part of what is termed the “YieldBoost,” with the call presenting a potential additional return of 35.46%, or 31.11% annualized.
The implied volatility for the put contract is at 130%, while for the call contract, it is 132%. The actual trailing twelve-month volatility for CIFR stands at 116% based on the last 250 trading days.
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