Mixed options sentiment in Alibaba (BABA), with shares down 76c near $119.97.Options volume relatively light with 100k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.4. Implied volatility (IV30) dropped 0.06 near 35.88,and below the 52wk median, suggesting an expected daily move of $2.71. Put-call skew flattened, suggesting a modestly bullish tone.
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