Option traders moderately bearish in Asset Entities Inc with shares down 9.95%

Option traders moderately bearish in Asset Entities Inc (ASST), with shares down $1.19 near $10.73. Options volume relatively light with 14k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.08. Implied volatility (IV30) is up nearly 99.0 points near 357.54, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.42. Put-call skew steepened, indicating increased demand for downside protection.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 11.74% or $1.26.