Mixed options sentiment in Circle Internet Group Inc (CRCL), with shares up $4.42, or 6.6%, near $71.35. Options volume roughly in line with average with 175k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.63. Implied volatility (IV30) dropped 2.41 near 85.53,and below the 52wk median, suggesting an expected daily move of $3.84. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Outperform at Baird.
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