Option traders moderately bearish in Nu Holdings with shares down 1.54%

Option traders moderately bearish in Nu Holdings (NU), with shares down 20c near $13.12. Options volume relatively light with 52k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 1.9 points near 35.82,in the bottom quartile of the past year, suggesting an expected daily move of $0.30. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at BTG Pactual.