Option traders moderately bearish in NVIDIA (NVDA), with shares down $1.17 near $166.35. Options volume roughly in line with average with 1.96m contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.72. Implied volatility (IV30) is higher by 0.3 points near 40.65,and below the 52wk median, suggesting an expected daily move of $4.26. Put-call skew steepened, indicating increased demand for downside protection.
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