Option traders moderately bearish in Moderna with shares down 5.33%

Option traders moderately bearish in Moderna (MRNA), with shares down $1.45 near $25.68. Options volume relatively light with 55k contracts traded and puts leading calls for a put/call ratio of 2.41, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 3.3 points near 57.76,in the bottom quartile of the past year, suggesting an expected daily move of $0.93. Put-call skew steepened, indicating increased demand for downside protection.