Moderately bullish activity in Upstart Holdings (UPST), with shares up $3.72, or 5.34%, near $73.32. Options volume roughly in line with average with 35k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 2.4 points near 65.47,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.02. Put-call skew steepened, indicating increased demand for downside protection.
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