Moderately bullish activity in Alibaba (BABA), with shares up 57c, or 0.47%, near $122.62. Options volume relatively light with 34k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.75. Implied volatility (IV30) is higher by 0.6 points near 39.57,and below the 52wk median, suggesting an expected daily move of $3.06. Put-call skew flattened, suggesting a modestly bullish tone.
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