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Option traders moderately bearish in Amazon with shares down 0.52%

Option traders moderately bearish in Amazon (AMZN), with shares down $1.12 near $214.97. Options volume roughly in line with average with 439k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 1.1 points near 27.89,and below the 52wk median, suggesting an expected daily move of $3.78. Put-call skew steepened, indicating increased demand for downside protection.

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