Mixed options sentiment in Microsoft with shares up 0.25%

Mixed options sentiment in Microsoft (MSFT), with shares up $1.19, or 0.25%, near $479.23. Options volume relatively light with 61k contracts traded and puts leading calls for a put/call ratio of 1.1, compared to a typical level near 0.68. Implied volatility (IV30) dropped 0.83 near 16.9,in the lowest 10% of observations over the past year, suggesting an expected daily move of $5.10. Put-call skew flattened, suggesting a modestly bullish tone.