Mixed options sentiment in Salesforce (CRM), with shares down $1.55 near $252.71. Options volume relatively light with 26k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.45. Implied volatility (IV30) dropped 1.15 near 34.02,and below the 52wk median, suggesting an expected daily move of $5.42. Put-call skew steepened, indicating increased demand for downside protection.
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