Moderately bullish activity in Block Inc (XYZ), with shares up 64c, or 0.84%, near $76.44. Options volume relatively light with 13k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 0.6 points near 37.41,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.80. Put-call skew steepened, indicating increased demand for downside protection.
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