Moderately bullish activity in Block Inc (XYZ), with shares up 31c, or 0.49%, near $63.60. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.92, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 0.1 points near 41.07,in the bottom quartile of the past year, suggesting an expected daily move of $1.65. Put-call skew steepened, indicating increased demand for downside protection.
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