Mixed options sentiment in Alibaba (BABA), with shares down $1.51 near $137.04. Options volume roughly in line with average with 160k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.37. Implied volatility (IV30) dropped 2.1 near 38.81,and below the 52wk median, suggesting an expected daily move of $3.35. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Arete.
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