Option traders moderately bearish in Intuit (INTU), with shares down $14.26 near $445.02. Options volume relatively light with 2603 contracts traded and puts leading calls for a put/call ratio of 1.4, compared to a typical level near 5.63. Implied volatility (IV30) is higher by 0.7 points near 45.04,in the top quartile of the past year, suggesting an expected daily move of $12.63. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Neutral at BNP Paribas.
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