Option traders moderately bearish in Wal-Mart (WMT), with shares down $3.96 near $122.83. Options volume roughly in line with average with 57k contracts traded and puts leading calls for a put/call ratio of 1.04, compared to a typical level near 0.99. Implied volatility (IV30) is higher by 1.8 points near 27.3,and above the 52wk median, suggesting an expected daily move of $2.11. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Erste Group.
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