Mixed options sentiment in Lithium Americas with shares up 2.72%

Mixed options sentiment in Lithium Americas (LAC), with shares up 18c, or 2.72%, near $6.97. Options volume relatively light with 44k contracts traded and calls leading puts for a put/call ratio of 0.17, compared to a typical level near 0.21. Implied volatility (IV30) dropped 5.13 near 127.52, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.56. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Underweight at JPMorgan.Looking ahead: Lithium Americas (LAC) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.