Positioning/Sentiment: Open interest put/call of 0.81 suggests more call OI than puts (mildly constructive longer positioning), but today’s put/call volume of 1.85 indicates near-term traders leaned bearish around this move.
Volatility: 30D IV ~27.7 vs historical vol ~18.1 implies options are priced rich; the market is assigning elevated near-term uncertainty (consistent with post-earnings/guidance repricing).