Moderately bullish activity in Moderna with shares up 0.9%

Moderately bullish activity in Moderna (MRNA), with shares up 30c, or 0.9%, near $32.95. Options volume relatively light with 5884 contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 0.51. Implied volatility (IV30) dropped 1.44 near 64.71,and below the 52wk median, suggesting an expected daily move of $1.34. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Moderna (MRNA) will report earnings before the open on 2025-08-01.Option markets are pricing in a 50% probability of a move greater than 10.52% or $3.47.