Option traders moderately bearish in Opendoor Technologies with shares down 5.39%

Option traders moderately bearish in Opendoor Technologies (OPEN), with shares down 25c near $4.39. Options volume roughly in line with average with 21k contracts traded and calls leading puts for a put/call ratio of 0.17, compared to a typical level near 0.32. Implied volatility (IV30) is higher by 4.5 points near 89.15,in the bottom quartile of the past year, suggesting an expected daily move of $0.25. Put-call skew steepened, indicating increased demand for downside protection.

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