Moderately bullish activity in Uber (UBER), with shares up 44c, or 0.62%, near $70.42. Options volume relatively light with 55k contracts traded and calls leading puts for a put/call ratio of 0.73, compared to a typical level near 0.97. Implied volatility (IV30) is higher by 0.4 points near 37.69,and above the 52wk median, suggesting an expected daily move of $1.67. Put-call skew steepened, indicating increased demand for downside protection.
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