Option traders moderately bearish in Block Inc (XYZ), with shares down $2.38 near $78.19. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 1.2 points near 54.61,and above the 52wk median, suggesting an expected daily move of $2.69. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Block Inc (XYZ) will report earnings after the close on 2025-08-07.Option markets are pricing in a 50% probability of a move greater than 10.56% or $8.26.
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