Option traders moderately bearish in Nebius Group NV (NBIS), with shares down $1.99 near $96.02. Options volume roughly in line with average with 37k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 3.4 points near 97.44,and above the 52wk median, suggesting an expected daily move of $5.89. Put-call skew steepened, indicating increased demand for downside protection.
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