Mixed options sentiment in Wal-Mart (WMT), with shares down 30c near $102.87. Options volume roughly in line with average with 69k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.46. Implied volatility (IV30) dropped 3.08 near 25.7,and above the 52wk median, suggesting an expected daily move of $1.67. Put-call skew steepened, indicating increased demand for downside protection.
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