Mixed options sentiment in Alibaba (BABA), with shares down $5.36 near $168.12. Options volume relatively light with 97k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.51. Implied volatility (IV30) dropped 0.82 near 54.37, in the highest 10% of observations over the past year, suggesting an expected daily move of $5.76. Put-call skew flattened, suggesting a modestly bullish tone.
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