Mixed options sentiment in Uber (UBER), with shares down $1.80 near $79.11. Options volume roughly in line with average with 116k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.67. Implied volatility (IV30) dropped 0.35 near 32.02,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.60. Put-call skew steepened, indicating increased demand for downside protection.
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