Option traders moderately bearish in Robinhood (HOOD), with shares down $4.10 near $122.70. Options volume roughly in line with average with 430k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 1.6 points near 59.67,in the bottom quartile of the past year, suggesting an expected daily move of $4.61. Put-call skew steepened, indicating increased demand for downside protection.
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