Moderately bullish activity in Disney (DIS), with shares up $1.29, or 1.12%, near $116.68. Options volume relatively light with 20k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 1.1 points near 21.84,and below the 52wk median, suggesting an expected daily move of $1.61. Put-call skew steepened, indicating increased demand for downside protection.
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