Mixed options sentiment in BigBearai Holdings (BBAI), with shares down 20c near $4.17. Options volume roughly in line with average with 46k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.21. Implied volatility (IV30) dropped 3.7 near 82.68,in the bottom quartile of the past year, suggesting an expected daily move of $0.22. Put-call skew steepened, indicating increased demand for downside protection.
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