No fair value for CIFR today: only 1 of 4 models has usable inputs, and one model is a guess. A trailing loss of $1.1B leaves no earnings to multiply. Free cash flow of minus $1.5B leaves nothing for the cash-flow model or the DCF. Those are its own reported figures, not a gap in our data.
Prices as of 11:48 PM ET, Sep 21. Check the live quote before you send an order.
The put
Skip
Skip the put. It pays a lot because CIFR can drop a lot. Wait, or buy shares.
If it goes against you: you buy 100 shares at $18, which after the $88 you keep works out to $17.12 a share. Below $17.12 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$88 (limit about $0.88)
If it fallsBuy 100 shares at $18
Cash to hold$1,800
Close earlyBuy back at about $0.35 ($35)
Chance you buy the sharesabout 33 in 100
ContractCIFR Oct 2 $18 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 2, $18 strike, 11 days out. Pays $88. Roughly a 33-in-100 chance you end up buying the shares.
On paper: 162% a year. That number assumes CIFR keeps moving like it did the past two years. Take that away and it is -15% a year. That is why we say skip.
Next earnings Nov 2, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on CIFR you already hold: sell the Oct 30 $30 call and take $30 now. If CIFR climbs to $30 by Oct 30, your 100 shares are sold at $30, so only do it if you're happy selling there.
If it climbs past $30 your 100 shares are sold at $30 and you keep the $30. That is the trade working, not a loss.