Option traders moderately bearish in Moderna with shares down 3.89%

Option traders moderately bearish in Moderna (MRNA), with shares down $1.72 near $42.35. Options volume roughly in line with average with 82k contracts traded and puts leading calls for a put/call ratio of 1.44, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 0.2 points near 82.36,in the top quartile of the past year, suggesting an expected daily move of $2.20. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Moderna (MRNA) will report earnings before the open on 2026-02-13.Option markets are pricing in a 50% probability of a move greater than 12.56% or $5.32.