Mixed options sentiment in Bank of America (BAC), with shares up $1.18, or 2.43%, near $49.44. Options volume running well above average with 151k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.9. Implied volatility (IV30) dropped 2.64 near 20.73,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.65. Put-call skew steepened, indicating increased demand for downside protection.
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