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Mixed options sentiment in Microsoft with shares down 1.25%

Mixed options sentiment in Microsoft (MSFT), with shares down $5.37 near $424.92. Options volume running well above average with 446k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.75. Implied volatility (IV30) dropped 0.55 near 24.55,and above the 52wk median, suggesting an expected daily move of $6.57. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Phillip Securities.

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