Mixed options sentiment in Plug Power (PLUG), with shares down 12c near $2.52. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.25. Implied volatility (IV30) is higher by 3.5 points near 121.77,and above the 52wk median, suggesting an expected daily move of $0.19. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Plug Power (PLUG) will report earnings after the close on 2025-11-10.Option markets are pricing in a 50% probability of a move greater than 12.24% or $0.31.
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