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Option traders moderately bearish in Grab Holdings Ltd with shares down 1.62%

Option traders moderately bearish in Grab Holdings Ltd (GRAB), with shares down 9c near $5.45. Options volume relatively light with 41k contracts traded and calls leading puts for a put/call ratio of 0.09, compared to a typical level near 0.16. Implied volatility (IV30) is up nearly 12.0 points near 55.93,and above the 52wk median, suggesting an expected daily move of $0.19. Put-call skew steepened, indicating increased demand for downside protection.

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