Mixed options sentiment in Wells Fargo (WFC), with shares down 18c near $88.78. Options volume more than double the daily average with 106k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.9. Implied volatility (IV30) dropped 0.75 near 23.64,in the bottom quartile of the past year, suggesting an expected daily move of $1.32. Put-call skew flattened, suggesting a modestly bullish tone.
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