Option traders moderately bearish in Boeing (BA), with shares down 14c near $197.47. Options volume roughly in line with average with 65k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 1.4 points near 30.56,and below the 52wk median, suggesting an expected daily move of $3.80. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Deutsche.
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