Option traders moderately bearish in Wolfspeed (WOLF), with shares down $1.68 near $18.57. Options volume relatively light with 4125 contracts traded and puts leading calls for a put/call ratio of 2.75, compared to a typical level near 247.64. Implied volatility (IV30) is higher by 1.0 points near 90.51,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.06. Put-call skew steepened, indicating increased demand for downside protection.
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