Mixed options sentiment in Alphabet Class A (GOOGL), with shares up $4.03, or 1.28%, near $317.75. Options volume relatively light with 250k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.56. Implied volatility (IV30) dropped 1.09 near 29.37,and below the 52wk median, suggesting an expected daily move of $5.88. Put-call skew steepened, indicating increased demand for downside protection.
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