Mixed options sentiment in Microsoft (MSFT), with shares up 48c, or 0.12%, near $409.44. Options volume relatively light with 546k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.76. Implied volatility (IV30) dropped 1.59 near 28.84,in the top quartile of the past year, suggesting an expected daily move of $7.44. Put-call skew flattened, suggesting a modestly bullish tone.
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