Mixed options sentiment in GameStop (GME), with shares down 34c near $22.98. Options volume roughly in line with average with 176k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.21. Implied volatility (IV30) dropped 2.97 near 46.66,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.68. Put-call skew steepened, indicating increased demand for downside protection.
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