Mixed options sentiment in Plug Power (PLUG), with shares down 24c near $3.54. Options volume roughly in line with average with 163k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.21. Implied volatility (IV30) is higher by 2.1 points near 150.84, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.34. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Clear Street.
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