Options volume is running well above average, with 56k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.64. Implied volatility (IV30) dropped 1.28 to 43.92,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.59. Put-call skew flattened, suggesting a modestly bullish tone. following a downgrade to Neutral at KGI Securities.
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