Mixed options sentiment in Alphabet Class A with shares down 1.24%

Mixed options sentiment in Alphabet Class A (GOOGL), with shares down $2.50 near $199.06. Options volume roughly in line with average with 219k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.46. Implied volatility (IV30) dropped 0.49 near 29.63,and below the 52wk median, suggesting an expected daily move of $3.72. Put-call skew steepened, indicating increased demand for downside protection.