Moderately bullish activity in Wolfspeed with shares up 2.41%

Moderately bullish activity in Wolfspeed (WOLF), with shares up 4c, or 2.41%, near $1.49. Options volume relatively light with 33k contracts traded and calls leading puts for a put/call ratio of 0.78, compared to a typical level near 1.62. Implied volatility (IV30) is higher by 7.5 points near 257.72, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.24. Put-call skew flattened, suggesting a modestly bullish tone.