Option traders moderately bearish in Wal-Mart (WMT), with shares up 69c, or 0.56%, near $123.58. Options volume roughly in line with average with 94k contracts traded and puts leading calls for a put/call ratio of 2.08, compared to a typical level near 0.94. Implied volatility (IV30) is higher by 1.1 points near 29.66,in the top quartile of the past year, suggesting an expected daily move of $2.31. Put-call skew steepened, indicating increased demand for downside protection.
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