Moderately bullish activity in Netflix (NFLX), with shares up $15.55, or 1.3%, near $1218.97. Options volume roughly in line with average with 110k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.99. Implied volatility (IV30) is higher by 1.3 points near 27.3,and below the 52wk median, suggesting an expected daily move of $20.96. Put-call skew steepened, indicating increased demand for downside protection.
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