Moderately bullish activity in Wolfspeed with shares down 1.72%

Moderately bullish activity in Wolfspeed (WOLF), with shares down 2c near $1.43. Options volume roughly in line with average with 73k contracts traded and calls leading puts for a put/call ratio of 0.87, compared to a typical level near 1.03. Implied volatility (IV30) is up nearly 17.0 points near 228.73,in the top quartile of the past year, suggesting an expected daily move of $0.21. Put-call skew flattened, suggesting a modestly bullish tone.