Moderately bullish activity in Applied Digital Corp (APLD), with shares up $2.75, or 8.55%, near $34.85. Options volume running well above average with 60k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.38. Implied volatility (IV30) is higher by 3.3 points near 113.64,and above the 52wk median, suggesting an expected daily move of $2.50. Put-call skew steepened, indicating increased demand for downside protection.
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