Option traders moderately bearish in Carnival (CCL), with shares down 64c near $29.14. Options volume running well above average with 54k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 1.0 points near 37.64,in the bottom quartile of the past year, suggesting an expected daily move of $0.69. Put-call skew steepened, indicating increased demand for downside protection.
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