Moderately bullish activity in Amazon (AMZN), with shares up 34c, or 0.16%, near $205.12. Options volume relatively light with 418k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 0.3 points near 32.68,and above the 52wk median, suggesting an expected daily move of $4.22. Put-call skew steepened, indicating increased demand for downside protection.
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