Mixed options sentiment in Bank of America (BAC), with shares up $1.86, or 3.39%, near $56.80. Options volume running well above average with 207k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.76. Implied volatility (IV30) dropped 2.84 near 23.59,and below the 52wk median, suggesting an expected daily move of $0.84. Put-call skew steepened, indicating increased demand for downside protection.
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