Mixed options sentiment in Moderna with shares up 1.26%

Mixed options sentiment in Moderna (MRNA), with shares up 33c, or 1.26%, near $26.58. Options volume running well above average with 93k contracts traded and calls leading puts for a put/call ratio of 0.19, compared to a typical level near 0.88. Implied volatility (IV30) dropped 1.84 near 80.13,in the top quartile of the past year, suggesting an expected daily move of $1.34. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Moderna (MRNA) will report earnings before the open on 2025-11-06.Option markets are pricing in a 50% probability of a move greater than 10.51% or $2.79.