Moderately bullish activity in BlackBerry with shares up 1.37%

Moderately bullish activity in BlackBerry (BB), with shares up 8c, or 1.37%, near $6.29. Options volume relatively light with 11k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.26. Implied volatility (IV30) is higher by 0.4 points near 70.43,in the top quartile of the past year, suggesting an expected daily move of $0.28. Put-call skew steepened, indicating increased demand for downside protection.