Option traders moderately bearish in NVIDIA (NVDA), with shares down $2.38 near $180.96. Options volume roughly in line with average with 2.30m contracts traded and calls leading puts for a put/call ratio of 0.85, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 1.8 points near 44.4,and above the 52wk median, suggesting an expected daily move of $5.06. Put-call skew steepened, indicating increased demand for downside protection.
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