Mixed options sentiment in JPMorgan (JPM), with shares up $2.60, or 0.92%, near $286.04. Options volume relatively light with 49k contracts traded and puts leading calls for a put/call ratio of 1.2, compared to a typical level near 0.97. Implied volatility (IV30) dropped 1.4 near 32.37, in the highest 10% of observations over the past year, suggesting an expected daily move of $5.83. Put-call skew steepened, indicating increased demand for downside protection.
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