Option traders moderately bearish in Alphabet Class A with shares down 0.17%

Option traders moderately bearish in Alphabet Class A (GOOGL), with shares down 53c near $302.80. Options volume relatively light with 82k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 0.3 points near 30.86,and below the 52wk median, suggesting an expected daily move of $5.89. Put-call skew steepened, indicating increased demand for downside protection.