Option traders moderately bearish in Palantir Technologies with shares down 2.32%

Option traders moderately bearish in Palantir Technologies (PLTR), with shares down $4.38 near $184.32. Options volume roughly in line with average with 478k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 0.8 points near 41.78,in the lowest 10% of observations over the past year, suggesting an expected daily move of $4.85. Put-call skew steepened, indicating increased demand for downside protection.