Options volume is nearly triple the daily average, with 466k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.47. Implied volatility (IV30) dropped 6.53 to 58.37,in the lowest 10% of observations over the past year, suggesting an expected daily move of $7.47. Put-call skew flattened, suggesting a modestly bullish tone.The company announced earnings after the close on 2025-05-08with option markets having priced in a move of approximately 7.04%.
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