Mixed options sentiment in Bank of America (BAC), with shares down 68c near $47.02. Options volume roughly in line with average with 151k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.86. Implied volatility (IV30) dropped 0.18 near 21.57,in the bottom quartile of the past year, suggesting an expected daily move of $0.64. Put-call skew steepened, indicating increased demand for downside protection.
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