Moderately bullish activity in Salesforce (CRM), with shares up $1.50, or 0.61%, near $246.00. Options volume relatively light with 27k contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 0.7 points near 46.16, in the highest 10% of observations over the past year, suggesting an expected daily move of $7.15. Put-call skew steepened, indicating increased demand for downside protection.
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