Mixed options sentiment in Moderna (MRNA), with shares down $1.15 near $25.56. Options volume running well above average with 49k contracts traded and calls leading puts for a put/call ratio of 0.09, compared to a typical level near 0.66. Implied volatility (IV30) dropped 0.4 near 67.29,and below the 52wk median, suggesting an expected daily move of $1.08. Put-call skew steepened, indicating increased demand for downside protection.
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