Option traders moderately bearish in Kenvue Inc (KVUE), with shares down 2c near $16.98. Options volume relatively light with 3408 contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 3.0 points near 28.54,and below the 52wk median, suggesting an expected daily move of $0.31. Put-call skew steepened, indicating increased demand for downside protection.
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