Mixed options sentiment in Bank of America (BAC), with shares up 40c, or 0.76%, near $52.52. Options volume roughly in line with average with 106k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.83. Implied volatility (IV30) dropped 0.73 near 25.45,and above the 52wk median, suggesting an expected daily move of $0.84. Put-call skew steepened, indicating increased demand for downside protection.
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