Moderately bullish activity in Salesforce (CRM), with shares up $2.17, or 0.95%, near $230.70. Options volume relatively light with 5763 contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 1.43. Implied volatility (IV30) is higher by 3.2 points near 45.23,in the top quartile of the past year, suggesting an expected daily move of $6.57. Put-call skew steepened, indicating increased demand for downside protection.
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