Option traders moderately bearish in Nebius Group NV (NBIS), with shares down 92c near $102.96. Options volume running well above average with 30k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 1.5 points near 90.4,and above the 52wk median, suggesting an expected daily move of $5.86. Put-call skew steepened, indicating increased demand for downside protection.
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