Moderately bullish activity in Moderna with shares up 4.2%

Moderately bullish activity in Moderna (MRNA), with shares up $1.02, or 4.2%, near $25.30. Options volume running well above average with 170k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 0.5 points near 67.92,and below the 52wk median, suggesting an expected daily move of $1.08. Put-call skew steepened, indicating increased demand for downside protection.