Option traders moderately bearish in Nu Holdings with shares down 5.45%

Option traders moderately bearish in Nu Holdings (NU), with shares down 70c near $12.22. Options volume extremely heavy with 414k contracts traded and puts leading calls for a put/call ratio of 1.53, compared to a typical level near 0.96. Implied volatility (IV30) dropped 16.7 near 38.66,and below the 52wk median, suggesting an expected daily move of $0.30. Put-call skew steepened, indicating increased demand for downside protection.The company announced earnings after the close on 2026-05-14with option markets having priced in a move of approximately 13.68%.