Moderately bullish activity in Navitas Semiconductor (NVTS), with shares up $1.01, or 4.39%, near $24.00. Options volume relatively light with 42k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.48. Implied volatility (IV30) dropped 0.28 near 139.3, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.11. Put-call skew flattened, suggesting a modestly bullish tone.
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