Option traders moderately bearish in Ford with shares down 1.58%

Option traders moderately bearish in Ford (F), with shares down 20c near $12.14. Options volume running well above average with 142k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 0.3 points near 34.73,and above the 52wk median, suggesting an expected daily move of $0.27. Put-call skew steepened, indicating increased demand for downside protection.