Plug Power Shares Dip Slightly, Options Activity Moderate
Moderately bullish activity in Plug Power (PLUG), with shares down 4c near $2.67. Options volume relatively light with 35k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.23. Implied volatility (IV30) is higher by 2.1 points near 86.85,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.15. Put-call skew flattened, suggesting a modestly bullish tone.
