Option traders moderately bearish in Alphabet Class A (GOOGL), with shares down $7.06 near $314.00. Options volume roughly in line with average with 464k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 2.1 points near 30.46,and below the 52wk median, suggesting an expected daily move of $6.02. Put-call skew steepened, indicating increased demand for downside protection.
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