Mixed options sentiment in Wells Fargo (WFC), with shares up 35c, or 0.43%, near $81.60. Options volume running well above average with 55k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.79. Implied volatility (IV30) dropped 1.53 near 26.86,and below the 52wk median, suggesting an expected daily move of $1.38. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at KGI Securities.
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