Moderately bullish activity in Applied Optoelectronics with shares up 12.79%

Moderately bullish activity in Applied Optoelectronics (AAOI), with shares up $17.05, or 12.79%, near $150.35. Options volume more than double the daily average with 82k contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 4.8 points near 163.95, in the highest 10% of observations over the past year, suggesting an expected daily move of $15.53. Put-call skew flattened, suggesting a modestly bullish tone.

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