Mixed options sentiment in PG&E (PCG), with shares down 10c near $15.21. Options volume relatively light with 12k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.4. Implied volatility (IV30) dropped 1.03 near 53.39, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.51. Put-call skew flattened, suggesting a modestly bullish tone.
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