Option traders moderately bearish in Robinhood with shares down 0.37%

Option traders moderately bearish in Robinhood (HOOD), with shares down 43c near $114.96. Options volume running well above average with 210k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 1.4 points near 55.17,in the lowest 10% of observations over the past year, suggesting an expected daily move of $4.00. Put-call skew steepened, indicating increased demand for downside protection.