Bearish options flow identified in Dell Technologies (DELL), with shares down $7.89 near $163.92. Options volume relatively light with 33k contracts traded and puts leading calls for a put/call ratio of 1.18, compared to a typical level near 0.82. Implied volatility (IV30) is higher by 2.5 points near 57.15,and above the 52wk median, suggesting an expected daily move of $5.90. Put-call skew steepened, indicating increased demand for downside protection.
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