Mixed options sentiment in Uber (UBER), with shares down $1.10 near $90.88. Options volume roughly in line with average with 127k contracts traded and calls leading puts for a put/call ratio of 0.94, compared to a typical level near 0.43. Implied volatility (IV30) dropped 1.79 near 32.38,in the bottom quartile of the past year, suggesting an expected daily move of $1.85. Put-call skew steepened, indicating increased demand for downside protection.
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