Option traders moderately bearish in Wal-Mart (WMT), with shares down 57c near $94.81. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 0.4 points near 20.92,and below the 52wk median, suggesting an expected daily move of $1.25. Put-call skew steepened, indicating increased demand for downside protection.
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