Option traders moderately bearish in Moderna with shares down 2.55%

Option traders moderately bearish in Moderna (MRNA), with shares down $1.38 near $52.55. Options volume relatively light with 13k contracts traded and puts leading calls for a put/call ratio of 1.04, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 0.7 points near 70.3,and above the 52wk median, suggesting an expected daily move of $2.33. Put-call skew steepened, indicating increased demand for downside protection.