Option traders moderately bearish in Amazon (AMZN), with shares down $5.38 near $241.09. Options volume roughly in line with average with 345k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 1.2 points near 38.81,in the top quartile of the past year, suggesting an expected daily move of $5.89. Put-call skew steepened, indicating increased demand for downside protection.
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