Mixed options sentiment in Coca Cola with shares down 0.35%

Mixed options sentiment in Coca Cola (KO), with shares down 28c near $78.48. Options volume roughly in line with average with 35k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.69. Implied volatility (IV30) dropped 0.72 near 16.58,and below the 52wk median, suggesting an expected daily move of $0.82. Put-call skew steepened, indicating increased demand for downside protection.