Moderately bullish activity in Applied Digital Corp with shares up 0.1%

Moderately bullish activity in Applied Digital Corp (APLD), with shares up 2c, or 0.1%, near $24.84. Options volume roughly in line with average with 35k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.39. Implied volatility (IV30) is higher by 1.7 points near 109.6,and above the 52wk median, suggesting an expected daily move of $1.71. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Applied Digital Corp (APLD) will report earnings after the close on 2026-01-07.Option markets are pricing in a 50% probability of a move greater than 14.23% or $3.53.