Option traders moderately bearish in Advanced Micro Devices (AMD), with shares down $3.79 near $199.88. Options volume roughly in line with average with 639k contracts traded and puts leading calls for a put/call ratio of 1.26, compared to a typical level near 1.02. Implied volatility (IV30) dropped 0.3 near 53.28,and above the 52wk median, suggesting an expected daily move of $6.71. Put-call skew steepened, indicating increased demand for downside protection.
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