Moderately bullish activity in Exxon Mobil (XOM), with shares up 46c, or 0.31%, near $150.28. Options volume relatively light with 92k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 0.4 points near 31.66, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.00. Put-call skew steepened, indicating increased demand for downside protection.
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