Mixed options sentiment in Wolfspeed with shares up 5.72%

Mixed options sentiment in Wolfspeed (WOLF), with shares up 12c, or 5.72%, near $2.12. Options volume roughly in line with average with 35k contracts traded and puts leading calls for a put/call ratio of 1.05, compared to a typical level near 1.0. Implied volatility (IV30) dropped 58.75 near 326.05, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.44. Put-call skew steepened, indicating increased demand for downside protection.