Mixed options sentiment in Nuscale Power Corp (SMR), with shares down $1.51 near $36.65. Options volume relatively light with 52k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.66. Implied volatility (IV30) dropped 1.49 near 92.95,in the bottom quartile of the past year, suggesting an expected daily move of $2.15. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Underperform at BofA.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMR:
- Trump announces lumber tariffs, Exxon Mobil to cut 2,000 jobs: Morning Buzz
- CoreWeave initiated, Instacart downgraded: Wall Street’s top analyst calls
- Video: EchoStar up after report of spectrum sale talks with Verizon
- Morning Movers: Spotify drops after announcing leadership succession plans
- NuScale Power downgraded to Underperform at BofA on valuation