Option traders moderately bearish in Super Micro (SMCI), with shares down 79c near $31.04. Options volume relatively light with 76k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 1.7 points near 73.0,and below the 52wk median, suggesting an expected daily move of $1.43. Put-call skew steepened, indicating increased demand for downside protection.
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