Mixed options sentiment in Wolfspeed with shares up 4.41%

Mixed options sentiment in Wolfspeed (WOLF), with shares up $1.30, or 4.41%, near $30.88. Options volume relatively light with 4892 contracts traded and puts leading calls for a put/call ratio of 6.2, compared to a typical level near 250.68. Implied volatility (IV30) dropped 1.76 near 140.36,and below the 52wk median, suggesting an expected daily move of $2.73. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Wolfspeed (WOLF) will report earnings after the close on 2025-10-29.Option markets are pricing in a 50% probability of a move greater than -5.03% or $-1.55.