Mixed options sentiment in Microsoft with shares up 2.72%

Mixed options sentiment in Microsoft (MSFT), with shares up $10.93, or 2.72%, near $412.06. Options volume roughly in line with average with 511k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.72. Implied volatility (IV30) dropped 1.05 near 26.62,and above the 52wk median, suggesting an expected daily move of $6.91. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at Melius Research.