Bearish options flow identified in Wolfspeed (WOLF), with shares down 94c near $16.95. Options volume relatively light with 3153 contracts traded and puts leading calls for a put/call ratio of 1.9, compared to a typical level near 245.98. Implied volatility (IV30) is higher by 4.2 points near 93.38,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.00. Put-call skew steepened, indicating increased demand for downside protection.
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