Options volume is relatively light, with 29k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.92. Implied volatility (IV30) rose 0.52 to 22.81,above the median, suggesting an expected daily move of $2.03. Put-call skew steepened, indicating increased demand for downside protection. following a downgrade to Hold at HSBC.
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