Mixed options sentiment in Fortress Investment Group LLC (FIG), with shares down $9.99 near $80.33. Options volume relatively light with 38k contracts traded and puts leading calls for a put/call ratio of 1.18, compared to a typical level near 1.44. Implied volatility (IV30) dropped 8.13 near 120.33,in the lowest 10% of observations over the past year, suggesting an expected daily move of $6.09. Put-call skew steepened, indicating increased demand for downside protection.
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