Moderately bullish activity in NVIDIA (NVDA), with shares up $2.64, or 1.7%, near $157.66. Options volume running well above average with 4.36m contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 1.2 points near 35.43,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.52. Put-call skew steepened, indicating increased demand for downside protection.
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