Option traders moderately bearish in Uber (UBER), with shares down 88c near $95.73. Options volume roughly in line with average with 90k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 0.8 points near 39.1,and above the 52wk median, suggesting an expected daily move of $2.36. Put-call skew steepened, indicating increased demand for downside protection.
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