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Option traders moderately bearish in Super Micro with shares down 4.06%

Option traders moderately bearish in Super Micro (SMCI), with shares down $1.31 near $31.11. Options volume relatively light with 87k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.4. Implied volatility (IV30) is higher by 2.8 points near 70.99,and below the 52wk median, suggesting an expected daily move of $1.39. Put-call skew steepened, indicating increased demand for downside protection.

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