Mixed options sentiment in Oracle (ORCL), with shares down $2.55 near $286.23. Options volume relatively light with 260k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.65. Implied volatility (IV30) dropped 0.97 near 50.0,in the top quartile of the past year, suggesting an expected daily move of $9.02. Put-call skew steepened, indicating increased demand for downside protection.
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