Mixed options sentiment in GameStop (GME), with shares down 62c near $24.20. Options volume relatively light with 122k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.17. Implied volatility (IV30) dropped 4.65 near 46.72,in the bottom quartile of the past year, suggesting an expected daily move of $0.71. Put-call skew steepened, indicating increased demand for downside protection.
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