Mixed options sentiment in Bank of America (BAC), with shares up $1.20, or 2.45%, near $50.05. Options volume running well above average with 259k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.76. Implied volatility (IV30) dropped 0.03 near 31.57,in the top quartile of the past year, suggesting an expected daily move of $1.00. Put-call skew steepened, indicating increased demand for downside protection.
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