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Bearish options flow identified in Oscar Health with shares down 4.48%

Bearish options flow identified in Oscar Health (OSCR), with shares down 80c near $17.16. Options volume roughly in line with average with 13k contracts traded and puts leading calls for a put/call ratio of 1.23, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 8.5 points near 82.96,and above the 52wk median, suggesting an expected daily move of $0.90. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Overweight at Piper Sandler.

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