Moderately bullish activity in Netflix (NFLX), with shares up 38c, or 0.44%, near $87.94. Options volume relatively light with 91k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 0.7 points near 31.24,and below the 52wk median, suggesting an expected daily move of $1.73. Put-call skew steepened, indicating increased demand for downside protection.
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