Option traders moderately bearish in Alphabet Class A (GOOGL), with shares down $1.37 near $251.16. Options volume relatively light with 144k contracts traded and calls leading puts for a put/call ratio of 0.78, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.9 points near 31.4,and above the 52wk median, suggesting an expected daily move of $4.97. Put-call skew steepened, indicating increased demand for downside protection.
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