Option traders moderately bearish in Oscar Health (OSCR), with shares down 72c near $14.80. Options volume extremely heavy with 174k contracts traded and puts leading calls for a put/call ratio of 1.79, compared to a typical level near 0.44. Implied volatility (IV30) is higher by 7.4 points near 116.32, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.08. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underweight at Wells Fargo.
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