Moderately bullish activity in Block Inc (XYZ), with shares up 60c, or 0.8%, near $75.89. Options volume relatively light with 17k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 0.5 points near 55.96,and above the 52wk median, suggesting an expected daily move of $2.68. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Equal Weight at Morgan Stanley.Looking ahead: Block Inc (XYZ) will report earnings after the close on 2025-08-07.Option markets are pricing in a 50% probability of a move greater than 11.44% or $8.68.
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