Mixed options sentiment in PG&E (PCG), with shares up 14c, or 0.91%, near $15.04. Options volume relatively light with 9438 contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 0.24. Implied volatility (IV30) dropped 3.76 near 58.57, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.56. Put-call skew steepened, indicating increased demand for downside protection.
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