Option traders moderately bearish in Moderna with shares up 3.7%

Option traders moderately bearish in Moderna (MRNA), with shares up $1.78, or 3.7%, near $50.02. Options volume relatively light with 15k contracts traded and puts leading calls for a put/call ratio of 1.26, compared to a typical level near 0.81. Implied volatility (IV30) is higher by 0.4 points near 76.73,and above the 52wk median, suggesting an expected daily move of $2.42. Put-call skew steepened, indicating increased demand for downside protection.