Option traders moderately bearish in Oracle with shares down 1.5%

Option traders moderately bearish in Oracle (ORCL), with shares down $2.20 near $144.18. Options volume relatively light with 43k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 1.17. Implied volatility (IV30) is higher by 1.3 points near 51.73,and above the 52wk median, suggesting an expected daily move of $4.70. Put-call skew steepened, indicating increased demand for downside protection.