Mixed options sentiment in Salesforce (CRM), with shares down $1.74 near $270.51. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.71. Implied volatility (IV30) dropped 0.16 near 25.01,in the bottom quartile of the past year, suggesting an expected daily move of $4.26. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Erste Group.
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