Bearish options flow identified in Uber (UBER), with shares down 38c near $71.33. Options volume relatively light with 22k contracts traded and puts leading calls for a put/call ratio of 1.1, compared to a typical level near 1.11. Implied volatility (IV30) is higher by 1.0 points near 39.63,and above the 52wk median, suggesting an expected daily move of $1.78. Put-call skew steepened, indicating increased demand for downside protection.
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