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Mixed options sentiment in Wells Fargo with shares down 0.48%

Mixed options sentiment in Wells Fargo (WFC), with shares down 36c near $75.08. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.58. Implied volatility (IV30) dropped 0.15 near 24.1,in the bottom quartile of the past year, suggesting an expected daily move of $1.14. Put-call skew steepened, indicating increased demand for downside protection.

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