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Mixed options sentiment in Alibaba with shares up 0.79%

Mixed options sentiment in Alibaba (BABA), with shares up $1.29, or 0.79%, near $164.10. Options volume relatively light with 190k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.38. Implied volatility (IV30) dropped 0.66 near 43.59,and above the 52wk median, suggesting an expected daily move of $4.51. Put-call skew steepened, indicating increased demand for downside protection.

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