Option traders moderately bearish in Uber (UBER), with shares down $2.76 near $78.08. Options volume roughly in line with average with 52k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 3.8 points near 47.89,in the top quartile of the past year, suggesting an expected daily move of $2.36. Put-call skew steepened, indicating increased demand for downside protection.
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