Romeo Power, Inc. (RMO) call put ratio 3.5 calls to 1 put amid a sharp rally

Romeo Power, Inc. (NYSE: RMO) April call option implied volatility is at 180, May is at 135; compared to its 52-week range of 19 to 211 as shares surge after Paccar (PCAR) takes minority stake in Romeo Power as part of supply agreement. Call put ratio 3.5 calls to 1 put with focus on April 10, 12.50 and 15 calls.

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