Mixed options sentiment in Salesforce (CRM), with shares down $2.38 near $268.79. Options volume relatively light with 12k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.87. Implied volatility (IV30) dropped 0.15 near 25.54,in the bottom quartile of the past year, suggesting an expected daily move of $4.32. Put-call skew steepened, indicating increased demand for downside protection.
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