Moderately bullish activity in Uber (UBER), with shares up $1.05, or 1.07%, near $99.50. Options volume roughly in line with average with 46k contracts traded and calls leading puts for a put/call ratio of 0.2, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 2.0 points near 36.54,and below the 52wk median, suggesting an expected daily move of $2.29. Put-call skew steepened, indicating increased demand for downside protection.
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