Mixed options sentiment in Wells Fargo (WFC), with shares down $1.39 near $86.65. Options volume relatively light with 15k contracts traded and calls leading puts for a put/call ratio of 0.99, compared to a typical level near 0.83. Implied volatility (IV30) dropped 0.06 near 23.13,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.26. Put-call skew flattened, suggesting a modestly bullish tone.
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