Option traders moderately bearish in Salesforce (CRM), with shares down $5.67 near $240.34. Options volume relatively light with 33k contracts traded and puts leading calls for a put/call ratio of 1.2, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 2.0 points near 48.14, in the highest 10% of observations over the past year, suggesting an expected daily move of $7.29. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Salesforce (CRM) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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