Moderately bullish activity in Alphabet Class A with shares down 0.39%

Moderately bullish activity in Alphabet Class A (GOOGL), with shares down $1.38 near $348.40. Options volume roughly in line with average with 233k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.2 points near 36.01,and above the 52wk median, suggesting an expected daily move of $7.90. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 7.34% or $25.58.