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Option traders moderately bearish in Disney (DIS), with shares up $0.31 (+0.28%) near $110.80.

Options volume is roughly in line with average, with 67k contracts traded and puts leading calls for a put/call ratio of 1.45, compared to a typical level near 0.75. Implied volatility (IV30) rose 0.66 to 23.12,below the median, suggesting an expected daily move of $1.61. Put-call skew steepened, indicating increased demand for downside protection.

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