Option traders moderately bearish in Circle Internet Group Inc (CRCL), with shares down $1.68 near $85.78. Options volume roughly in line with average with 103k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 0.7 points near 71.3,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.85. Put-call skew steepened, indicating increased demand for downside protection.
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