Mixed options sentiment in Alibaba with shares down 0.65%

Mixed options sentiment in Alibaba (BABA), with shares down 98c near $150.25. Options volume roughly in line with average with 67k contracts traded and puts leading calls for a put/call ratio of 2.91, compared to a typical level near 0.72. Implied volatility (IV30) dropped 0.23 near 32.43,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.07. Put-call skew flattened, suggesting a modestly bullish tone.