Mixed options sentiment in Navitas Semiconductor (NVTS), with shares down 34c near $6.85. Options volume relatively light with 27k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.23. Implied volatility (IV30) dropped 4.96 near 106.47,and above the 52wk median, suggesting an expected daily move of $0.46. Put-call skew flattened, suggesting a modestly bullish tone.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVTS:
- Video: Verve, solar stocks among major pre-market movers
- Navitas Semiconductor downgraded to Hold from Buy at Deutsche Bank
- Navitas Semiconductor partners with BrightLoop for hydrogen fuel-cell chargers
- Sector Spotlight: Nvidia results highlight notable week for semiconductors
- Unusually active option classes on open May 29th
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue