Option traders moderately bearish in Circle Internet Group Inc (CRCL), with shares down $1.61 near $118.53. Options volume roughly in line with average with 102k contracts traded and puts leading calls for a put/call ratio of 1.22, compared to a typical level near 1.16. Implied volatility (IV30) is higher by 3.9 points near 74.01,in the bottom quartile of the past year, suggesting an expected daily move of $5.53. Put-call skew steepened, indicating increased demand for downside protection.
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