Option traders moderately bearish in Super Micro (SMCI), with shares up 45c, or 1.28%, near $35.54. Options volume roughly in line with average with 65k contracts traded and puts leading calls for a put/call ratio of 1.0, compared to a typical level near 0.46. Implied volatility (IV30) is higher by 0.9 points near 73.55,and below the 52wk median, suggesting an expected daily move of $1.65. Put-call skew steepened, indicating increased demand for downside protection.
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