Mixed options sentiment in Alibaba (BABA), with shares up $3.63, or 2.47%, near $150.96. Options volume running well above average with 178k contracts traded and puts leading calls for a put/call ratio of 1.13, compared to a typical level near 0.68. Implied volatility (IV30) dropped 1.1 near 33.74,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.21. Put-call skew steepened, indicating increased demand for downside protection.
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