Bearish options flow identified in Circle Internet Group Inc (CRCL), with shares down 52c near $70.83. Options volume relatively light with 15k contracts traded and puts leading calls for a put/call ratio of 1.04, compared to a typical level near 1.12. Implied volatility (IV30) is higher by 1.4 points near 67.66,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.02. Put-call skew steepened, indicating increased demand for downside protection.
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