Option traders moderately bearish in Circle Internet Group Inc (CRCL), with shares down $4.04 near $54.79. Options volume roughly in line with average with 56k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 1.08. Implied volatility (IV30) is higher by 4.7 points near 84.72,and above the 52wk median, suggesting an expected daily move of $2.92. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Neutral at Compass Point.
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- Circle Internet upgraded to Neutral from Sell at Compass Point