Mixed options sentiment in Citi (C), with shares down $1.00 near $114.55. Options volume roughly in line with average with 43k contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 1.08. Implied volatility (IV30) dropped 1.11 near 33.83,in the top quartile of the past year, suggesting an expected daily move of $2.44. Put-call skew steepened, indicating increased demand for downside protection.
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