Option traders moderately bearish in Costco (COST), with shares up $15.88, or 1.81%, near $891.62. Options volume roughly in line with average with 61k contracts traded and puts leading calls for a put/call ratio of 1.03, compared to a typical level near 1.68. Implied volatility (IV30) is higher by 1.1 points near 20.72,and below the 52wk median, suggesting an expected daily move of $11.64. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Outperform at Mizuho.
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