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Moderately bullish activity in Bank of America with shares up 0.24%

Moderately bullish activity in Bank of America (BAC), with shares up 12c, or 0.24%, near $53.09. Options volume roughly in line with average with 70k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.72. Implied volatility (IV30) is higher by 1.3 points near 22.38,and below the 52wk median, suggesting an expected daily move of $0.75. Put-call skew steepened, indicating increased demand for downside protection.

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