Mixed options sentiment in Alphabet Class A with shares down 0.61%

Mixed options sentiment in Alphabet Class A (GOOGL), with shares down $1.17 near $190.17. Options volume running well above average with 517k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.39. Implied volatility (IV30) dropped 0.23 near 37.02,in the top quartile of the past year, suggesting an expected daily move of $4.43. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 6.88% or $13.09.