Mixed options sentiment in PG&E (PCG), with shares down 16c near $15.29. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.26. Implied volatility (IV30) dropped 1.37 near 42.68,in the top quartile of the past year, suggesting an expected daily move of $0.41. Put-call skew steepened, indicating increased demand for downside protection.
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