Mixed options sentiment in Wells Fargo (WFC), with shares down 42c near $81.36. Options volume relatively light with 9051 contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.88. Implied volatility (IV30) dropped 0.42 near 22.04,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.13. Put-call skew flattened, suggesting a modestly bullish tone.
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Read More on WFC:
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