Mixed options sentiment in PG&E with shares up 2.3%

Mixed options sentiment in PG&E (PCG), with shares up 34c, or 2.3%, near $15.34. Options volume relatively light with 61k contracts traded and calls leading puts for a put/call ratio of 0.11, compared to a typical level near 0.38. Implied volatility (IV30) dropped 10.78 near 52.27, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.50. Put-call skew steepened, indicating increased demand for downside protection.