Mixed options sentiment in Bank of America (BAC), with shares down 40c near $50.02. Options volume roughly in line with average with 96k contracts traded and calls leading puts for a put/call ratio of 0.93, compared to a typical level near 0.87. Implied volatility (IV30) dropped 0.92 near 21.85,in the bottom quartile of the past year, suggesting an expected daily move of $0.69. Put-call skew flattened, suggesting a modestly bullish tone.
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