Mixed options sentiment in Bloom Energy (BE), with shares up $1.02, or 1.16%, near $88.60. Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.56. Implied volatility (IV30) dropped 1.35 near 124.37, in the highest 10% of observations over the past year, suggesting an expected daily move of $6.94. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at HSBC.
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