Option traders moderately bearish in Bank of America (BAC), with shares down 18c near $51.52. Options volume relatively light with 60k contracts traded and puts leading calls for a put/call ratio of 1.47, compared to a typical level near 0.78. Implied volatility (IV30) is higher by 0.2 points near 27.67,and above the 52wk median, suggesting an expected daily move of $0.90. Put-call skew flattened, suggesting a modestly bullish tone.
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