Moderately bullish activity in Salesforce (CRM), with shares up 81c, or 0.43%, near $187.92. Options volume relatively light with 16k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 0.6 points near 46.58,in the top quartile of the past year, suggesting an expected daily move of $5.51. Put-call skew steepened, indicating increased demand for downside protection.
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