Option traders moderately bearish in UiPath (PATH), with shares down 36c near $10.68. Options volume roughly in line with average with 27k contracts traded and calls leading puts for a put/call ratio of 0.07, compared to a typical level near 0.27. Implied volatility (IV30) is higher by 2.8 points near 67.29,and above the 52wk median, suggesting an expected daily move of $0.45. Put-call skew steepened, indicating increased demand for downside protection.
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