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Moderately bullish activity in Alibaba with shares down 0.98%

Moderately bullish activity in Alibaba (BABA), with shares down $1.55 near $156.77. Options volume relatively light with 39k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.9 points near 35.92,in the bottom quartile of the past year, suggesting an expected daily move of $3.55. Put-call skew flattened, suggesting a modestly bullish tone.

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