Moderately bullish activity in Moderna (MRNA), with shares up 18c, or 0.65%, near $28.55. Options volume roughly in line with average with 32k contracts traded and calls leading puts for a put/call ratio of 0.14, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 0.6 points near 77.5,and above the 52wk median, suggesting an expected daily move of $1.39. Put-call skew steepened, indicating increased demand for downside protection.
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