Jul. 7 at 2:12 PM
$CIFR options is telling an interesting story.
Everyone sees the puts this week and screams bearish, but look deeper.
Near term = volatility/reset. The biggest OI is clustered around
$22–
$25 on BOTH sides. That looks more like a battle zone after a massive run, not traders pricing in a collapse.
Call side:
$20–
$26 strikes seeing strong OI growth
Buyers still positioning near the money
Upside hasn't been abandoned
Put side: Large
$23–
$25 put OI, but with premiums falling on some strikes — could indicate premium selling/support rather than pure bearish bets.
My view: Short term = consolidation/IV reset
Long term = AI data center thesis intact
If
$22–
$23 holds and
$25 breaks with volume, things get fun.
