Mixed options sentiment in Bank of America (BAC), with shares up 52c, or 1.02%, near $52.09. Options volume relatively light with 96k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.64. Implied volatility (IV30) dropped 1.43 near 23.99,and below the 52wk median, suggesting an expected daily move of $0.79. Put-call skew steepened, indicating increased demand for downside protection.
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- Option traders moderately bearish in Bank of America with shares down 0.15%