Mixed options sentiment in Bank of America (BAC), with shares up 82c, or 1.81%, near $46.33. Options volume roughly in line with average with 140k contracts traded and calls leading puts for a put/call ratio of 0.93, compared to a typical level near 1.1. Implied volatility (IV30) dropped 1.72 near 26.47,and above the 52wk median, suggesting an expected daily move of $0.77. Put-call skew steepened, indicating increased demand for downside protection.
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