Option traders moderately bearish in Enphase Energy (ENPH), with shares down 2c near $38.16. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.87, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 4.0 points near 63.59,and below the 52wk median, suggesting an expected daily move of $1.53. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Hold at Jefferies.
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