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Option traders moderately bearish in Alphabet Class A with shares down 0.26%

Option traders moderately bearish in Alphabet Class A (GOOGL), with shares down 46c near $172.44.Options volume relatively light with 334k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.46. Implied volatility (IV30) is higher by 0.2 points near 29.17,and below the 52wk median, suggesting an expected daily move of $3.17. Put-call skew steepened, indicating increased demand for downside protection.

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