Option traders moderately bearish in UPS (UPS), with shares up 78c, or 0.94%, near $84.64. Options volume running well above average with 103k contracts traded and puts leading calls for a put/call ratio of 1.19, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 0.0 points near 28.27,and above the 52wk median, suggesting an expected daily move of $1.51. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Underperform at BofA.
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