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Option traders moderately bearish in C3 AI with shares down 2.59%

Option traders moderately bearish in C3 AI (AI), with shares down 34c near $12.60. Options volume relatively light with 8753 contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.28. Implied volatility (IV30) is higher by 3.1 points near 70.98,and above the 52wk median, suggesting an expected daily move of $0.56. Put-call skew steepened, indicating increased demand for downside protection.

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