Mixed options sentiment in Bank of America (BAC), with shares up 57c, or 1.23%, near $47.42. Options volume roughly in line with average with 83k contracts traded and calls leading puts for a put/call ratio of 0.87, compared to a typical level near 1.1. Implied volatility (IV30) dropped 0.51 near 25.53,and above the 52wk median, suggesting an expected daily move of $0.76. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Bank of America (BAC) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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