Mixed options sentiment in Alibaba (BABA), with shares down $5.54 near $174.43. Options volume relatively light with 159k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.48. Implied volatility (IV30) dropped 1.15 near 51.64,in the top quartile of the past year, suggesting an expected daily move of $5.67. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Alibaba (BABA) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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