Option traders moderately bearish in ImmunityBio with shares down 22.61%

Option traders moderately bearish in ImmunityBio (IBRX), with shares down $2.12 near $7.28. Options volume extremely heavy with 106k contracts traded and puts leading calls for a put/call ratio of 1.06, compared to a typical level near 0.28. Implied volatility (IV30) is up nearly 25.0 points near 139.02, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.64. Put-call skew flattened, suggesting a modestly bullish tone.