Option traders moderately bearish in Uber (UBER), with shares down $2.69 near $70.39. Options volume roughly in line with average with 53k contracts traded and puts leading calls for a put/call ratio of 1.43, compared to a typical level near 1.04. Implied volatility (IV30) is higher by 1.9 points near 38.75,and above the 52wk median, suggesting an expected daily move of $1.72. Put-call skew flattened, suggesting a modestly bullish tone.
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