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Mixed options sentiment in Amazon with shares down 1.27%

Mixed options sentiment in Amazon (AMZN), with shares down $3.50 near $271.50. Options volume relatively light with 532k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.48. Implied volatility (IV30) dropped 0.66 near 27.71,and below the 52wk median, suggesting an expected daily move of $4.74. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Fubon.

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