Mixed options sentiment in Wells Fargo (WFC), with shares up 28c, or 0.34%, near $80.92. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.9. Implied volatility (IV30) dropped 0.0 near 21.13,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.08. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Accumulate at Phillip Securities.
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