Mixed options sentiment in Wal-Mart (WMT), with shares up $1.71, or 1.44%, near $120.73. Options volume relatively light with 63k contracts traded and calls leading puts for a put/call ratio of 0.96, compared to a typical level near 0.84. Implied volatility (IV30) dropped 1.06 near 27.41,and above the 52wk median, suggesting an expected daily move of $2.08. Put-call skew steepened, indicating increased demand for downside protection.
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