Mixed options sentiment in NVIDIA with shares down 1.1%

Mixed options sentiment in NVIDIA (NVDA), with shares down $1.97 near $176.47. Options volume roughly in line with average with 1.24m contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.58. Implied volatility (IV30) dropped 0.73 near 37.04,in the bottom quartile of the past year, suggesting an expected daily move of $4.12. Put-call skew steepened, indicating increased demand for downside protection.