Option traders moderately bearish in NVIDIA (NVDA), with shares down $5.04 near $175.31. Options volume running well above average with 2.58m contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.61. Implied volatility (IV30) is higher by 1.4 points near 49.89,and above the 52wk median, suggesting an expected daily move of $5.51. Put-call skew steepened, indicating increased demand for downside protection.
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