Moderately bullish activity in Disney (DIS), with shares up 96c, or 0.85%, near $114.86. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 0.82. Implied volatility (IV30) is higher by 0.0 points near 19.09,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.38. Put-call skew steepened, indicating increased demand for downside protection.
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