Moderately bullish activity in Plug Power (PLUG), with shares up 36c, or 25.35%, near $1.78. Options volume extremely heavy with 303k contracts traded and calls leading puts for a put/call ratio of 0.14, compared to a typical level near 0.26. Implied volatility (IV30) is up nearly 21.0 points near 155.26, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.17. Put-call skew steepened, indicating increased demand for downside protection.
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