Mixed options sentiment in Alphabet with shares down 0.77%

Mixed options sentiment in Alphabet (GOOG), with shares down $1.93 near $249.58. Options volume relatively light with 35k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.7. Implied volatility (IV30) dropped 0.88 near 39.58, in the highest 10% of observations over the past year, suggesting an expected daily move of $6.22. Put-call skew steepened, indicating increased demand for downside protection.