Mixed options sentiment in Bank of America (BAC), with shares up 60c, or 1.16%, near $52.62. Options volume relatively light with 26k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.62. Implied volatility (IV30) dropped 2.78 near 23.79,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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