Alibaba Shares Down, Mixed Options Sentiment
Mixed options sentiment in Alibaba (BABA), with shares down $2.73 near $122.69. Options volume relatively light with 118k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 1.2 points near 41.39,and below the 52wk median, suggesting an expected daily move of $3.20. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at DZ Bank.
