Mixed options sentiment in Moderna (MRNA), with shares down $1.35 near $39.16. Options volume relatively light with 12k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.63. Implied volatility (IV30) dropped 6.03 near 80.3,in the top quartile of the past year, suggesting an expected daily move of $1.98. Put-call skew steepened, indicating increased demand for downside protection.
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