Moderately bullish activity in Nike (NKE), with shares up $1.07, or 1.69%, near $64.75. Options volume running well above average with 82k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 0.8 points near 46.5,in the top quartile of the past year, suggesting an expected daily move of $1.90. Put-call skew steepened, indicating increased demand for downside protection.
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