Options volume is running well above average, with 69k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.59. Implied volatility (IV30) dropped 0.1 to 64.37,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.11. Put-call skew steepened, indicating increased demand for downside protection.
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