Option traders moderately bearish in Nuscale Power Corp with shares down 1.96%

Option traders moderately bearish in Nuscale Power Corp (SMR), with shares down 70c near $35.23. Options volume relatively light with 30k contracts traded and puts leading calls for a put/call ratio of 1.15, compared to a typical level near 0.57. Implied volatility (IV30) dropped 1.09 near 81.32,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.80. Put-call skew steepened, indicating increased demand for downside protection.