Mixed options sentiment in Wolfspeed (WOLF), with shares up 26c, or 1.5%, near $17.60. Options volume extremely heavy with 1.05m contracts traded and puts leading calls for a put/call ratio of 1639.65, compared to a typical level near 151.36. Implied volatility (IV30) dropped 4.39 near 92.71,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.03. Put-call skew steepened, indicating increased demand for downside protection.
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