Mixed options sentiment in Plug Power (PLUG), with shares down 28c near $2.85. Options volume relatively light with 107k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.22. Implied volatility (IV30) dropped 3.65 near 122.71,and above the 52wk median, suggesting an expected daily move of $0.22. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Plug Power (PLUG) 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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLUG:
- Plug Power’s Strategic Positioning and Growth Potential in the European Hydrogen Market
- Plug Power completes first stage of hydrogen supply delivery for H2CAST
- Plug Power’s Strategic Initiatives and Cost Management Drive Buy Rating and Increased Price Target
- Mixed options sentiment in Plug Power with shares down 1.3%
- Largest borrow rate increases among liquid names