Options volume is running well above average, with 69k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 0.78. Implied volatility (IV30) dropped 1.72 to 44.6,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.47. Put-call skew flattened, suggesting a modestly bullish tone. following a upgrade to Buy at Goldman Sachs.
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