Mixed options sentiment in Alibaba with shares down 0.36%

Mixed options sentiment in Alibaba (BABA), with shares down 49c near $136.22. Options volume roughly in line with average with 138k contracts traded and calls leading puts for a put/call ratio of 0.73, compared to a typical level near 0.68. Implied volatility (IV30) dropped 2.51 near 42.54,and below the 52wk median, suggesting an expected daily move of $3.65. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Alibaba (BABA) will report earnings before the open on 2026-03-19.Option markets are pricing in a 50% probability of a move greater than 6.3% or $8.58.