Mixed options sentiment in PayPal (PYPL), with shares up 84c, or 1.25%, near $67.95. Options volume running well above average with 33k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.5. Implied volatility (IV30) dropped 1.68 near 27.83,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.19. Put-call skew steepened, indicating increased demand for downside protection.
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