Option traders moderately bearish in Circle Internet Group Inc (CRCL), with shares down $1.12 near $71.52. Options volume relatively light with 48k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 1.13. Implied volatility (IV30) is higher by 1.2 points near 68.3,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.08. Put-call skew steepened, indicating increased demand for downside protection.
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