Mixed options sentiment in Citi (C), with shares up $3.26, or 2.98%, near $112.82. Options volume relatively light with 12k contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 1.06. Implied volatility (IV30) dropped 1.14 near 35.45,in the top quartile of the past year, suggesting an expected daily move of $2.52. Put-call skew steepened, indicating increased demand for downside protection.
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