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Option traders moderately bearish in Super Micro with shares down 0.64%

Option traders moderately bearish in Super Micro (SMCI), with shares down 14c near $22.36. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 2.5 points near 82.38,in the top quartile of the past year, suggesting an expected daily move of $1.16. Put-call skew steepened, indicating increased demand for downside protection.

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