Mixed options sentiment in Block Inc (XYZ), with shares up $0.24 (+0.48%) near $50.35 following a downgrade to Neutral at Macquarie.

Options volume is roughly in line with average, with 30k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.62. Implied volatility (IV30) dropped 0.27 to 44.51,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.41. Put-call skew flattened, suggesting a modestly bullish tone.

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