Mixed options sentiment in JPMorgan with shares up 0.98%

Mixed options sentiment in JPMorgan (JPM), with shares up $2.87, or 0.98%, near $295.27. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.84, compared to a typical level near 1.26. Implied volatility (IV30) dropped 0.57 near 32.35, in the highest 10% of observations over the past year, suggesting an expected daily move of $6.02. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: JPMorgan (JPM) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.