Mixed options sentiment in Wolfspeed with shares down 0.3%

Mixed options sentiment in Wolfspeed (WOLF), with shares down 6c near $18.32. Options volume relatively light with 86 contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 238.64. Implied volatility (IV30) is higher by 0.6 points near 85.41,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.99. Put-call skew steepened, indicating increased demand for downside protection.