Mixed options sentiment in Alibaba (BABA), with shares down $2.99 near $172.48. Options volume roughly in line with average with 304k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.41. Implied volatility (IV30) dropped 2.73 near 43.16,and above the 52wk median, suggesting an expected daily move of $4.69. Put-call skew steepened, indicating increased demand for downside protection.
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