Ambarella puts active on sharp selloff after mentioned cautiously Ambarella June 100 and 191 puts are active on total put volume of 33K contracts (32K calls) after mentioned cautiously by Citron Research on Friday. June weekly put option implied volatility is at 91, July is at 70, August is at 63; compared to its 52-week range of 43 to 72. Active puts volume suggests traders taking positons for large downside price movement.
Ambarella breaks support at $100, levels to watch The stock continues to drift lower, breaking below round number support at the $100 area which is now resistance. At the current price of $99.36, next support is at $98.30 and then at $96.39.