Option traders moderately bearish in Nike (NKE), with shares down 78c near $60.99. Options volume running well above average with 158k contracts traded and calls leading puts for a put/call ratio of 0.81, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 6.4 points near 46.33,in the top quartile of the past year, suggesting an expected daily move of $1.78. Put-call skew steepened, indicating increased demand for downside protection.
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