Option traders moderately bearish in Alphabet Class A (GOOGL), with shares down $3.22 near $307.70. Options volume relatively light with 314k contracts traded and calls leading puts for a put/call ratio of 0.92, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 1.6 points near 29.6,and below the 52wk median, suggesting an expected daily move of $5.74. Put-call skew steepened, indicating increased demand for downside protection.
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