Bearish options flow identified in Bank of America (BAC), with shares down 12c near $43.20.Options volume roughly in line with average with 155k contracts traded and puts leading calls for a put/call ratio of 1.54, compared to a typical level near 0.92. Implied volatility (IV30) is higher by 0.9 points near 26.53,and above the 52wk median, suggesting an expected daily move of $0.72. Put-call skew steepened, indicating increased demand for downside protection.
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