Moderately bullish activity in Alphabet (GOOG), with shares up $2.83, or 1.21%, near $237.00. Options volume roughly in line with average with 88k contracts traded and calls leading puts for a put/call ratio of 0.73, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 0.5 points near 26.32,in the bottom quartile of the past year, suggesting an expected daily move of $3.93. Put-call skew steepened, indicating increased demand for downside protection.
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