Mixed options sentiment in Block Inc with shares up 1.46%

Mixed options sentiment in Block Inc (XYZ), with shares up 95c, or 1.46%, near $65.94. Options volume relatively light with 39k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.47. Implied volatility (IV30) dropped 0.56 near 39.16,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.63. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at Evercore ISI.