Option traders moderately bearish in Nebius Group NV (NBIS), with shares down 17c near $118.39. Options volume roughly in line with average with 90k contracts traded and calls leading puts for a put/call ratio of 0.68, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 0.8 points near 83.66,in the bottom quartile of the past year, suggesting an expected daily move of $6.24. Put-call skew steepened, indicating increased demand for downside protection.
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