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Option traders moderately bearish in Robinhood with shares down 0.92%

Option traders moderately bearish in Robinhood (HOOD), with shares down 69c near $74.21. Options volume running well above average with 330k contracts traded and puts leading calls for a put/call ratio of 1.1, compared to a typical level near 0.57. Implied volatility (IV30) dropped 0.7 near 62.45,and below the 52wk median, suggesting an expected daily move of $2.92. Put-call skew steepened, indicating increased demand for downside protection.

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