Cytek Biosciences Inc (CTKB)

Volatility Term Structure charts plot the at-the-money implied volatility across expirations, which are an invaluable tool in determining options strategies based on anticipated changes in volatility. Backwardation is when volatility slopes downwards. Contango is when volatility slopes upwards, and a large increase signifies investors are expecting large moves in the underlying, such as around earnings. Risk Reversal charts highlight risk and showcase opportunity. A positive risk reversal suggests that puts are more expensive than calls, indicating a bullish sentiment where the market expects prices to increase. A negative risk reversal suggests that calls are more expensive than puts, indicating a bearish sentiment, where the market expected prices to decrease.