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Mixed options sentiment in PG&E with shares up 1.09%

Mixed options sentiment in PG&E (PCG), with shares up 18c, or 1.09%, near $16.21. Options volume more than double the daily average with 246k contracts traded and calls leading puts for a put/call ratio of 0.01, compared to a typical level near 0.24. Implied volatility (IV30) dropped 1.61 near 35.93,and above the 52wk median, suggesting an expected daily move of $0.37. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: PG&E (PCG) 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.

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