Mixed options sentiment in GameStop with shares up 0.2%

Mixed options sentiment in GameStop (GME), with shares up 4c, or 0.2%, near $23.09. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.22. Implied volatility (IV30) dropped 0.41 near 34.22,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.50. Put-call skew steepened, indicating increased demand for downside protection.