Mixed options sentiment in Alibaba (BABA), with shares up $3.53, or 2.55%, near $142.12. Options volume running well above average with 149k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.63. Implied volatility (IV30) dropped 0.02 near 44.47,and above the 52wk median, suggesting an expected daily move of $3.98. Put-call skew steepened, indicating increased demand for downside protection.
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