Option traders moderately bearish in Uber (UBER), with shares down 47c near $74.97. Options volume roughly in line with average with 42k contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 1.05. Implied volatility (IV30) is higher by 0.3 points near 38.07,and above the 52wk median, suggesting an expected daily move of $1.80. Put-call skew steepened, indicating increased demand for downside protection.
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