Mixed options sentiment in Intuit (INTU), with shares up $13.09, or 2.98%, near $453.05. Options volume relatively light with 15k contracts traded and puts leading calls for a put/call ratio of 2.45, compared to a typical level near 9.06. Implied volatility (IV30) dropped 2.2 near 46.15,in the top quartile of the past year, suggesting an expected daily move of $13.17. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Rothschild & Co Redburn.
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