Moderately bullish activity in JD.com with shares up 0.25%

Moderately bullish activity in JD.com (JD), with shares up 7c, or 0.25%, near $28.55. Options volume relatively light with 37k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 2.4 points near 35.92,and below the 52wk median, suggesting an expected daily move of $0.65. Put-call skew steepened, indicating increased demand for downside protection.