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Bullish flow in Alibaba with shares up 2.12%

Bullish flow in Alibaba (BABA), with shares up $3.31, or 2.12%, near $159.27. Options volume roughly in line with average with 49k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.62. Implied volatility (IV30) is higher by 0.4 points near 35.77,in the bottom quartile of the past year, suggesting an expected daily move of $3.59. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Arete.

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