Option traders moderately bearish in Robinhood with shares down 2.61%

Option traders moderately bearish in Robinhood (HOOD), with shares down $2.10 near $78.45. Options volume roughly in line with average with 162k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 1.8 points near 69.74,and above the 52wk median, suggesting an expected daily move of $3.45. Put-call skew steepened, indicating increased demand for downside protection.