Option traders moderately bearish in Super Micro (SMCI), with shares down $1.18 near $31.46. Options volume roughly in line with average with 143k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 1.8 points near 82.09,and above the 52wk median, suggesting an expected daily move of $1.63. Put-call skew steepened, indicating increased demand for downside protection.
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