Option traders moderately bearish in Dell Technologies (DELL), with shares down $5.00 near $128.75. Options volume roughly in line with average with 57k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 0.87. Implied volatility (IV30) is higher by 0.9 points near 42.71,and below the 52wk median, suggesting an expected daily move of $3.46. Put-call skew steepened, indicating increased demand for downside protection.
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