Option traders moderately bearish in Lyft (LYFT), with shares down $1.30 near $19.07. Options volume relatively light with 37k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 0.3 points near 52.64,and below the 52wk median, suggesting an expected daily move of $0.63. Put-call skew steepened, indicating increased demand for downside protection.
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