Option traders moderately bearish in Amazon (AMZN), with shares down $3.87 near $225.13. Options volume relatively light with 322k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 2.4 points near 25.78,in the bottom quartile of the past year, suggesting an expected daily move of $3.66. Put-call skew steepened, indicating increased demand for downside protection.
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