Bullish flow in Alibaba (BABA), with shares up $6.49, or 4.51%, near $150.41. Options volume more than double the daily average with 156k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.37. Implied volatility (IV30) is higher by 1.8 points near 42.04,and above the 52wk median, suggesting an expected daily move of $3.98. Put-call skew flattened, suggesting a modestly bullish tone.
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