Moderately bullish activity in Uber (UBER), with shares up 34c, or 0.47%, near $72.68. Options volume relatively light with 24k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 1.1. Implied volatility (IV30) is higher by 0.4 points near 45.02,in the top quartile of the past year, suggesting an expected daily move of $2.06. Put-call skew steepened, indicating increased demand for downside protection.
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