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Option traders moderately bearish in Applied Digital Corp with shares down 8.54%

Option traders moderately bearish in Applied Digital Corp (APLD), with shares down $2.07 near $22.17. Options volume relatively light with 64k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.36. Implied volatility (IV30) is higher by 1.5 points near 113.44,and above the 52wk median, suggesting an expected daily move of $1.58. Put-call skew steepened, indicating increased demand for downside protection.

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