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Mixed options sentiment in Wolfspeed with shares up 0.27%

Mixed options sentiment in Wolfspeed (WOLF), with shares up 5c, or 0.27%, near $18.61. Options volume relatively light with 2580 contracts traded and puts leading calls for a put/call ratio of 1.94, compared to a typical level near 80.55. Implied volatility (IV30) dropped 0.4 near 85.43,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.00. Put-call skew flattened, suggesting a modestly bullish tone.

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