Mixed options sentiment in Super Micro (SMCI), with shares down $1.67 near $32.06. Options volume running well above average with 460k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.5. Implied volatility (IV30) dropped 0.13 near 77.79,and below the 52wk median, suggesting an expected daily move of $1.57. Put-call skew steepened, indicating increased demand for downside protection.
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