Moderately bullish activity in Kenvue Inc (KVUE), with shares up 28c, or 1.69%, near $16.50. Options volume roughly in line with average with 67k contracts traded and calls leading puts for a put/call ratio of 0.09, compared to a typical level near 0.29. Implied volatility (IV30) is up nearly 34.0 points near 61.44, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.64. Put-call skew steepened, indicating increased demand for downside protection.
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