Option traders moderately bearish in Exxon Mobil (XOM), with shares down 55c near $111.44. Options volume roughly in line with average with 63k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.8 points near 23.62,and above the 52wk median, suggesting an expected daily move of $1.66. Put-call skew steepened, indicating increased demand for downside protection.
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