Moderately bullish activity in Wal-Mart (WMT), with shares up $1.01, or 1.07%, near $96.11. Options volume roughly in line with average with 96k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.74. Implied volatility (IV30) is higher by 1.0 points near 22.87,and above the 52wk median, suggesting an expected daily move of $1.38. Put-call skew steepened, indicating increased demand for downside protection.
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