Option traders moderately bearish in Alphabet Class A (GOOGL), with shares down $1.27 near $176.08. Options volume relatively light with 221k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 0.0 points near 26.2,and below the 52wk median, suggesting an expected daily move of $2.91. Put-call skew steepened, indicating increased demand for downside protection.
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