Option traders moderately bearish in NVIDIA (NVDA), with shares down $7.62 near $177.26. Options volume running well above average with 5.51m contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 1.7 points near 46.27,and above the 52wk median, suggesting an expected daily move of $5.17. Put-call skew steepened, indicating increased demand for downside protection.
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