Mixed options sentiment in Wells Fargo (WFC), with shares down $1.27 near $83.05. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.96, compared to a typical level near 0.89. Implied volatility (IV30) dropped 0.13 near 21.18,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.11. Put-call skew flattened, suggesting a modestly bullish tone.
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