Option traders moderately bearish in Circle Internet Group Inc (CRCL), with shares down 86c near $70.03. Options volume roughly in line with average with 38k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 1.12. Implied volatility (IV30) is higher by 4.5 points near 74.58,and below the 52wk median, suggesting an expected daily move of $3.29. Put-call skew steepened, indicating increased demand for downside protection.
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