Moderately bullish activity in Salesforce with shares up 1.96%

Moderately bullish activity in Salesforce (CRM), with shares up $3.52, or 1.96%, near $183.00. Options volume roughly in line with average with 42k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.69. Implied volatility (IV30) dropped 0.0 near 56.2, in the highest 10% of observations over the past year, suggesting an expected daily move of $6.48. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Salesforce (CRM) will report earnings after the close on 2026-05-27.Option markets are pricing in a 50% probability of a move greater than 7.27% or $13.30.