Option traders moderately bearish in Navitas Semiconductor with shares down 7.22%
Option traders moderately bearish in Navitas Semiconductor (NVTS), with shares down $1.01 near $12.98. Options volume roughly in line with average with 14k contracts traded and puts leading calls for a put/call ratio of 1.15, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 1.0 points near 124.8,in the top quartile of the past year, suggesting an expected daily move of $1.02. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Navitas Semiconductor (NVTS) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
Option traders moderately bearish in Navitas Semiconductor (NVTS), with shares down $1.01 near $12.98.
Options volume roughly in line with average with 14k contracts traded and puts leading calls for a put/call ratio of 1.15, compared to a typical level near 0.57.
Implied volatility (IV30) is higher by 1.0 points near 124.8,in the top quartile of the past year, suggesting an expected daily move of $1.02.
Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Navitas Semiconductor (NVTS) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.