Options sentiment is skewed bearish/defensive: put open interest (230) materially exceeds call open interest (82), driving an elevated OI put/call ratio of 2.8. Volume is essentially absent today (0), so this is more about positioning than active directional betting. Implied vol (30D) is high at 53.87 versus historical volatility 23.58, indicating the market is pricing elevated uncertainty; however, IV percentile (32.4) and IV rank (21.92) suggest IV is not extreme versus its own history.
Net: positioning looks cautious and not supportive of an aggressive buy right now.