Bearish options flow identified in Super Micro with shares down 0.15%

Bearish options flow identified in Super Micro (SMCI), with shares down 2c near $30.11. Options volume more than double the daily average with 443k contracts traded and puts leading calls for a put/call ratio of 1.01, compared to a typical level near 0.38. Implied volatility (IV30) is higher by 3.5 points near 77.9,and above the 52wk median, suggesting an expected daily move of $1.48. Put-call skew steepened, indicating increased demand for downside protection.