Moderately bullish activity in Moderna with shares up 5.92%

Moderately bullish activity in Moderna (MRNA), with shares up $2.95, or 5.92%, near $52.82. Options volume roughly in line with average with 21k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.69. Implied volatility (IV30) is up nearly 13.0 points near 88.28, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.94. Put-call skew steepened, indicating increased demand for downside protection.