Option traders moderately bearish in Netflix (NFLX), with shares down $1.03 near $1218.85. Options volume relatively light with 62k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.97. Implied volatility (IV30) is higher by 1.9 points near 28.89,and below the 52wk median, suggesting an expected daily move of $22.18. Put-call skew steepened, indicating increased demand for downside protection.
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