Moderately bullish activity in PayPal (PYPL), with shares up 63c, or 0.81%, near $78.61. Options volume running well above average with 89k contracts traded and calls leading puts for a put/call ratio of 0.94, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 0.1 points near 39.45,and above the 52wk median, suggesting an expected daily move of $1.95. Put-call skew steepened, indicating increased demand for downside protection.
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