Option traders moderately bearish in Netflix (NFLX), with shares up 28c, or 0.02%, near $1225.62. Options volume relatively light with 60k contracts traded and puts leading calls for a put/call ratio of 1.1, compared to a typical level near 0.97. Implied volatility (IV30) is higher by 3.2 points near 42.29,and above the 52wk median, suggesting an expected daily move of $32.65. Put-call skew steepened, indicating increased demand for downside protection.
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