Option traders moderately bearish in Palantir Technologies with shares down 0.29%

Option traders moderately bearish in Palantir Technologies (PLTR), with shares down 53c near $180.31. Options volume roughly in line with average with 134k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 0.3 points near 42.01,in the lowest 10% of observations over the past year, suggesting an expected daily move of $4.77. Put-call skew steepened, indicating increased demand for downside protection.