Option traders moderately bearish in Alphabet Class A (GOOGL), with shares down $4.80 near $286.51. Options volume roughly in line with average with 217k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 0.4 points near 31.84,and above the 52wk median, suggesting an expected daily move of $5.75. Put-call skew steepened, indicating increased demand for downside protection.
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