Moderately bullish activity in Super Micro (SMCI), with shares up 49c, or 2.22%, near $22.54. Options volume relatively light with 106k contracts traded and calls leading puts for a put/call ratio of 0.88, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 2.3 points near 89.01, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.26. Put-call skew steepened, indicating increased demand for downside protection.
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