Mixed options sentiment in PayPal (PYPL), with shares down 22c near $59.27. Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.51. Implied volatility (IV30) dropped 0.02 near 28.3,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.06. Put-call skew steepened, indicating increased demand for downside protection.
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