Mixed options sentiment in Super Micro (SMCI), with shares up $1.05, or 4.52%, near $24.27. Options volume running well above average with 97k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.58. Implied volatility (IV30) dropped 1.08 near 86.87,in the top quartile of the past year, suggesting an expected daily move of $1.33. Put-call skew steepened, indicating increased demand for downside protection.
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