Option traders moderately bearish in Costco (COST), with shares down $2.42 near $863.24. Options volume relatively light with 13k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 1.48. Implied volatility (IV30) is higher by 0.0 points near 18.03,in the lowest 10% of observations over the past year, suggesting an expected daily move of $9.80. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Northcoast.
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