Moderately bullish activity in Super Micro (SMCI), with shares up $1.04, or 4.61%, near $23.71. Options volume relatively light with 79k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 0.3 points near 89.22, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.33. Put-call skew steepened, indicating increased demand for downside protection.
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