Option traders moderately bearish in Boeing with shares down 1.29%

Option traders moderately bearish in Boeing (BA), with shares down $2.98 near $227.77. Options volume running well above average with 59k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 1.3 points near 29.29,in the bottom quartile of the past year, suggesting an expected daily move of $4.20. Put-call skew steepened, indicating increased demand for downside protection.