Option traders moderately bearish in Carnival (CCL), with shares up 18c, or 0.6%, near $30.91. Options volume relatively light with 16k contracts traded and puts leading calls for a put/call ratio of 1.29, compared to a typical level near 0.91. Implied volatility (IV30) is higher by 0.2 points near 33.83,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.66. Put-call skew steepened, indicating increased demand for downside protection.
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