Mixed options sentiment in Upstart Holdings (UPST), with shares down 26c near $68.89. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 2.6 points near 65.91,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.86. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Overweight at JPMorgan.
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