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Mixed options sentiment in Alibaba with shares down 3.58%

Mixed options sentiment in Alibaba (BABA), with shares down $4.89 near $131.53. Options volume roughly in line with average with 67k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.55. Implied volatility (IV30) dropped 1.53 near 43.44,and below the 52wk median, suggesting an expected daily move of $3.60. Put-call skew flattened, suggesting a modestly bullish tone.

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