Options volume is roughly in line with average, with 47k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.63. Implied volatility (IV30) dropped 0.43 to 45.29,in the bottom quartile, suggesting an expected daily move of $1.65. Put-call skew flattened, suggesting a modestly bullish tone. following a downgrade to Neutral at KGI Securities.
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