Option traders moderately bearish in Disney (DIS), with shares down $1.33 near $118.15. Options volume relatively light with 37k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 1.7 points near 22.17,and below the 52wk median, suggesting an expected daily move of $1.65. Put-call skew steepened, indicating increased demand for downside protection.
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