Option traders moderately bearish in Upstart Holdings (UPST), with shares down $3.29 near $62.02. Options volume relatively light with 38k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 1.2 points near 60.51,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.36. Put-call skew steepened, indicating increased demand for downside protection.
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