Option traders moderately bearish in Apple with shares down 0.13%

Option traders moderately bearish in Apple (AAPL), with shares down 35c near $273.12. Options volume roughly in line with average with 796k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 1.6 points near 24.16,and below the 52wk median, suggesting an expected daily move of $4.16. Put-call skew steepened, indicating increased demand for downside protection.