Mixed options sentiment in Block Inc with shares down 0.97%

Mixed options sentiment in Block Inc (XYZ), with shares down 77c near $78.31. Options volume relatively light with 5308 contracts traded and calls leading puts for a put/call ratio of 0.87, compared to a typical level near 0.65. Implied volatility (IV30) dropped 0.02 near 38.48,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.90. Put-call skew steepened, indicating increased demand for downside protection.