Option traders moderately bearish in Oracle (ORCL), with shares down $11.01 near $246.84. Options volume roughly in line with average with 224k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 0.5 points near 47.03,and above the 52wk median, suggesting an expected daily move of $7.31. Put-call skew steepened, indicating increased demand for downside protection.
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