Option traders moderately bearish in Alphabet (GOOG), with shares down $6.97 near $280.46. Options volume running well above average with 121k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 1.1 points near 32.13,and above the 52wk median, suggesting an expected daily move of $5.68. Put-call skew steepened, indicating increased demand for downside protection.
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