Moderately bullish activity in UiPath with shares up 1.29%

Moderately bullish activity in UiPath (PATH), with shares up 18c, or 1.29%, near $13.70. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.18. Implied volatility (IV30) is higher by 1.3 points near 87.34, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.75. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: UiPath (PATH) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.