Moderately bullish activity in Uber (UBER), with shares up 66c, or 0.71%, near $94.75. Options volume roughly in line with average with 80k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 0.2 points near 47.62,in the top quartile of the past year, suggesting an expected daily move of $2.84. Put-call skew steepened, indicating increased demand for downside protection.
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