Mixed options sentiment in Wolfspeed with shares down 1.93%

Mixed options sentiment in Wolfspeed (WOLF), with shares down 44c near $22.31. Options volume relatively light with 1583 contracts traded and puts leading calls for a put/call ratio of 3.03, compared to a typical level near 81.46. Implied volatility (IV30) dropped 0.9 near 88.57,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.24. Put-call skew flattened, suggesting a modestly bullish tone.