Option traders moderately bearish in BigBearai Holdings (BBAI), with shares down 36c near $4.14. Options volume roughly in line with average with 18k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.27. Implied volatility (IV30) is higher by 3.8 points near 108.9,and below the 52wk median, suggesting an expected daily move of $0.28. Put-call skew steepened, indicating increased demand for downside protection.
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