Option traders moderately bearish in Super Micro (SMCI), with shares down 16c near $30.39. Options volume relatively light with 65k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 2.5 points near 71.52,and below the 52wk median, suggesting an expected daily move of $1.37. Put-call skew steepened, indicating increased demand for downside protection.
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