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Moderately bullish activity in Amazon with shareslittle changed

Moderately bullish activity in Amazon (AMZN), with shares up 6c, or 0.03%, near $228.78. Options volume relatively light with 333k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 0.3 points near 24.0,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.46. Put-call skew steepened, indicating increased demand for downside protection.

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