Option traders moderately bearish in Alphabet (GOOG), with shares down $1.68 near $299.23. Options volume roughly in line with average with 144k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 1.6 points near 33.44,and above the 52wk median, suggesting an expected daily move of $6.30. Put-call skew steepened, indicating increased demand for downside protection.
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