Moderately bullish activity in PayPal (PYPL), with shares up $1.05, or 1.42%, near $75.38. Options volume running well above average with 94k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 1.5 points near 41.32,and above the 52wk median, suggesting an expected daily move of $1.96. Put-call skew steepened, indicating increased demand for downside protection.
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