\n- Sentiment: Put/Call ratios at 0.4 (both OI and volume) indicate bullish positioning (more calls than puts).\n- Volatility: 30D IV 24.41 vs historical vol 18.83 and IV percentile ~76.9 → options are relatively expensive, suggesting the market is paying up for protection/participation ahead of catalysts (notably earnings).\n- Activity: Today’s volume about 106.6% of 30-day average → mildly elevated interest, consistent with active positioning.
