Mixed options sentiment in Netflix (NFLX), with shares up $4.92, or 0.4%, near $1222.99. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.87. Implied volatility (IV30) dropped 0.2 near 25.37,in the bottom quartile of the past year, suggesting an expected daily move of $19.54. Put-call skew steepened, indicating increased demand for downside protection.
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