Option traders moderately bearish in Sunrun with shares down 2.89%

Option traders moderately bearish in Sunrun (RUN), with shares down 18c near $6.05. Options volume relatively light with 40k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.5. Implied volatility (IV30) is up nearly 12.0 points near 138.26, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.53. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Sell at GLJ Research.