Mixed options sentiment in Alphabet Class A (GOOGL), with shares up 66c, or 0.17%, near $389.57. Options volume relatively light with 176k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.48. Implied volatility (IV30) dropped 0.22 near 30.79,and below the 52wk median, suggesting an expected daily move of $7.56. Put-call skew steepened, indicating increased demand for downside protection.
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