Moderately bullish activity in Alphabet Class A (GOOGL), with shares up 34c, or 0.11%, near $313.85. Options volume relatively light with 172k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 0.9 points near 26.73,in the lowest 10% of observations over the past year, suggesting an expected daily move of $5.28. Put-call skew steepened, indicating increased demand for downside protection.
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