Bullish flow in Applied Digital Corp (APLD), with shares up 2c, or 0.18%, near $13.88. Options volume running well above average with 146k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.31. Implied volatility (IV30) is higher by 1.9 points near 143.84,in the top quartile of the past year, suggesting an expected daily move of $1.26. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Compass Point.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APLD:
- Compass downgrades Applied Digital with valuation ‘getting full here’
- Applied Digital downgraded to Neutral from Buy at Compass Point
- Applied Digital Corp call volume above normal and directionally bullish
- Notable open interest changes for June 5th
- Closing Bell Movers: MongoDB jumps 14% on earnings beat and raise