Option traders moderately bearish in Uber (UBER), with shares down 94c near $75.72. Options volume relatively light with 35k contracts traded and puts leading calls for a put/call ratio of 1.1, compared to a typical level near 0.94. Implied volatility (IV30) dropped 0.36 near 37.71,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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