Moderately bullish activity in Moderna with shares up 0.25%

Moderately bullish activity in Moderna (MRNA), with shares up 6c, or 0.25%, near $23.81. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.93. Implied volatility (IV30) is higher by 0.7 points near 78.25,in the top quartile of the past year, suggesting an expected daily move of $1.17. Put-call skew steepened, indicating increased demand for downside protection.