Mixed options sentiment in Bank of America (BAC), with shares up 80c, or 1.51%, near $54.01. Options volume roughly in line with average with 135k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.69. Implied volatility (IV30) dropped 0.13 near 22.4,and below the 52wk median, suggesting an expected daily move of $0.76. Put-call skew steepened, indicating increased demand for downside protection.
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