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Penguin Solutions Inc. options imply 11.0% move in share price post-earnings

Pre-earnings options volume in Penguin Solutions (PENG) Inc. is 1.8x normal with calls leading puts 10:7. Implied volatility suggests the market is anticipating a move near 11.0%, or $1.98, after results are released. Median move over the past eight quarters is 7.9%.

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