Mixed options sentiment in Wells Fargo with shares up 1.08%

Mixed options sentiment in Wells Fargo (WFC), with shares up 94c, or 1.08%, near $87.92. Options volume roughly in line with average with 39k contracts traded and puts leading calls for a put/call ratio of 1.53, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 0.2 points near 31.72,in the top quartile of the past year, suggesting an expected daily move of $1.76. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Neutral at Baird.