Option traders moderately bearish in Exxon Mobil (XOM), with shares down 58c near $154.71. Options volume roughly in line with average with 63k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 0.4 points near 31.07,in the top quartile of the past year, suggesting an expected daily move of $3.03. Put-call skew steepened, indicating increased demand for downside protection.
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