Option traders moderately bearish in Apple (AAPL), with shares down $6.42 near $247.62. Options volume running well above average with 1.11m contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 2.6 points near 30.01,in the top quartile of the past year, suggesting an expected daily move of $4.68. Put-call skew steepened, indicating increased demand for downside protection.
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