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Mixed options sentiment in Alibaba with shares down 0.91%

Mixed options sentiment in Alibaba (BABA), with shares down $1.10 near $120.05. Options volume roughly in line with average with 161k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.34. Implied volatility (IV30) dropped 0.77 near 42.25,and above the 52wk median, suggesting an expected daily move of $3.19. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Alibaba (BABA) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.

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