Option traders moderately bearish in NVIDIA (NVDA), with shares down $1.68 near $178.32. Options volume relatively light with 1.76m contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 0.5 points near 45.53,and below the 52wk median, suggesting an expected daily move of $5.11. Put-call skew steepened, indicating increased demand for downside protection.
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