Moderately bullish activity in Applied Digital Corp (APLD), with shares up 45c, or 4.03%, near $11.63. Options volume relatively light with 115k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.32. Implied volatility (IV30) dropped 4.17 near 99.34,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.73. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Compass Point.
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