Moderately bullish activity in Alphabet Class A (GOOGL), with shares up $16.02, or 4.14%, near $403.37. Options volume running well above average with 502k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 1.6 points near 32.93,and above the 52wk median, suggesting an expected daily move of $8.37. Put-call skew steepened, indicating increased demand for downside protection.
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