Option traders moderately bearish in Amazon (AMZN), with shares down $3.02 near $231.03. Options volume roughly in line with average with 298k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.46. Implied volatility (IV30) is higher by 0.7 points near 27.34,and below the 52wk median, suggesting an expected daily move of $3.98. Put-call skew steepened, indicating increased demand for downside protection.
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