Mixed options sentiment in Wolfspeed with shares up 0.34%

Mixed options sentiment in Wolfspeed (WOLF), with shares up 8c, or 0.34%, near $22.18. Options volume relatively light with 2058 contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 98.3. Implied volatility (IV30) dropped 1.6 near 90.74,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.27. Put-call skew steepened, indicating increased demand for downside protection.