Moderately bullish activity in PG&E with shares up 0.73%

Moderately bullish activity in PG&E (PCG), with shares up 12c, or 0.73%, near $15.97. Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.07, compared to a typical level near 0.22. Implied volatility (IV30) is higher by 1.4 points near 39.12,and above the 52wk median, suggesting an expected daily move of $0.39. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: PG&E (PCG) will report earnings before the open on 2025-10-23.Option markets are pricing in a 50% probability of a move greater than 4.3% or $0.69.