Option traders moderately bearish in Netflix (NFLX), with shares down $2.67 near $1099.83. Options volume relatively light with 66k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.91. Implied volatility (IV30) is higher by 0.4 points near 28.76,and below the 52wk median, suggesting an expected daily move of $19.93. Put-call skew steepened, indicating increased demand for downside protection.
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