Mixed options sentiment in Alibaba (BABA), with shares down $3.67 near $143.43. Options volume roughly in line with average with 157k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.36. Implied volatility (IV30) dropped 1.73 near 40.9,and below the 52wk median, suggesting an expected daily move of $3.70. Put-call skew steepened, indicating increased demand for downside protection.
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