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Option traders moderately bearish in Robinhood with shares down 1.82%

Option traders moderately bearish in Robinhood (HOOD), with shares down $1.34 near $72.50. Options volume roughly in line with average with 297k contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 2.1 points near 61.37,and below the 52wk median, suggesting an expected daily move of $2.80. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Sell at Redburn Atlantic.

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